Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of McCormick & Company investors ("McCormick" or the "Company") (NYSE:MKC) concerning the Company and its officers' possible violations of federal securities laws.
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On January 24, 2019, the Company reported that "trade inventory reductions resulted in significant out-of-stock situations on high-margin quality items," which negatively impacted its financial results. On this news, the Company's share price fell $14.65 per share, or over 10%, to close at $124.35 per share on January 24, 2019, thereby injuring investors.
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