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Middleby Corp. (MIDD) Surged Past Resistance At The Highs On Q2 Results

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Middleby Corp. (MIDD) reported second quarter EPS of $1.67 after the close Wednesday, up from $1.06 in the prior year period. The consensus estimate was for EPS of $1.41.

Middleby gapped open higher Thursday and climbed throughout the first 2 hours of trade. The stock settled into a range for the remainder of the session and closed up by 13.56 at $113.77 on the highest volume of the year. Middleby surged past resistance and set a new high for the year.

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