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Monster Beverage Corp.’s latest rating changes from various analysts

Monster Beverage Corp.’s recent filing unveils that its Director HALL MARK J unloaded Company’s shares for reported $38.58 million on Mar 04 ’24. In the deal valued at $58.55 per share,659,000 shares were sold. As a result of this transaction, HALL MARK J now holds 777,840 shares worth roughly $41.58 million.

Then, Carling Guy sold 34,553 shares, generating $1,919,419 in total proceeds. Upon selling the shares at $55.55, the President of EMEA now owns 0 shares.

Before that, KELLY THOMAS J sold 30,000 shares. Monster Beverage Corp. shares valued at $1,655,700 were divested by the Chief Financial Officer at a price of $55.19 per share. As a result of the transaction, KELLY THOMAS J now holds 60,056 shares, worth roughly $3.21 million.

Truist downgraded its Monster Beverage Corp. [MNST] rating to a Sell from a a Buy in a research note published on April 25, 2024; the price target was decreased to $46 from $65. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “a Neutral”. Redburn Atlantic began covering MNST with “Buy” recommendation on March 06, 2024. UBS maintained its rating on February 29, 2024. It rated MNST as “a Neutral”.

Price Performance Review of MNST

On Tuesday, Monster Beverage Corp. [NASDAQ:MNST] saw its stock fall -1.26% to $53.45. Over the last five days, the stock has lost -0.52%. Monster Beverage Corp. shares have fallen nearly -7.22% since the year began. Nevertheless, the stocks have fallen -4.55% over the past one year. While a 52-week high of $61.22 was reached on 03/13/24, a 52-week low of $47.13 was recorded on 04/25/24. SMA at 50 days reached $56.83, while 200 days put it at $55.74. A total of 5.65 million shares were traded, compared to the trading of 4.16 million shares in the previous session.

Levels Of Support And Resistance For MNST Stock

The 24-hour chart illustrates a support level at 53.21, which if violated will result in even more drops to 52.98. On the upside, there is a resistance level at 53.90. A further resistance level may holdings at 54.36. The Relative Strength Index (RSI) on the 14-day chart is 37.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.00%. Stochastics %K at 45.79% indicates the stock is a holding.

The most recent change occurred on February 29, 2024 when RBC Capital Mkts resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $65.

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