Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Constellation Brands Inc shares valued at $1,056,415 were sold by Newlands William A on Apr 19 ’24. At $263.25 per share, Newlands William A sold 4,013 shares. The insider’s holdings dropped to 5,395 shares worth approximately $1.41 million following the completion of this transaction.
Also, Sabia James A. Jr. sold 15,781 shares, netting a total of over 4,160,328 in proceeds. Following the sale of shares at $263.63 each, the insider now holds 20,910 shares.
Before that, Sands Family Foundation had sold 54,461 shares from its account. In a trade valued at $13,665,487, the Member of 10% owner group traded Constellation Brands Inc shares for $250.92 each. Upon closing the transaction, the insider’s holdings decreased to 54,461 shares, worth approximately $0.0.
As published in a research note from Argus on April 15, 2024, Constellation Brands Inc [STZ] has been rated up from a Hold to a Buy and the price target has been revised to $306. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late March. As of January 10, 2024, Argus has decreased its “Buy” rating to a “Hold” for STZ. Earlier on November 13, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for STZ stock.
Analyzing STZ Stock Performance
During the last five days, there has been a surge of approximately 1.17%. Over the course of the year, Constellation Brands Inc shares have jumped approximately 8.26%. Shares of the company reached a 52-week high of $274.87 on 04/11/24 and a 52-week low of $240.49 on 01/02/24. A 50-day SMA is recorded $258.93, while a 200-day SMA reached $251.74. Nevertheless, trading volume fell to 0.76 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Constellation Brands Inc (STZ)
According to the 24-hour chart, there is a support level at 259.59, which, if violated, would cause prices to drop to 257.47. In the upper region, resistance lies at 264.02. The next price resistance is at 266.32. RSI (Relative Strength Index) is 49.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 61.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
