Constellation Brands Inc’s filing revealed that its President & CEO Newlands William A unloaded Company’s shares for reported $1.06 million on Apr 19 ’24. In the deal valued at $263.25 per share,4,013 shares were sold. As a result of this transaction, Newlands William A now holds 5,395 shares worth roughly $1.39 million.
Then, Sabia James A. Jr. sold 15,781 shares, generating $4,160,328 in total proceeds. Upon selling the shares at $263.63, the EVP & Pres. Beer now owns 20,910 shares.
Before that, Sands Family Foundation sold 54,461 shares. Constellation Brands Inc shares valued at $13,665,487 were divested by the Member of 10% owner group at a price of $250.92 per share. As a result of the transaction, Sands Family Foundation now holds 0 shares, worth roughly $0.0.
Argus upgraded its Constellation Brands Inc [STZ] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late March with a ‘”an Overweight”‘ rating. Argus also remained covering STZ and has decreased its forecast on January 10, 2024 with a “Hold” recommendation from previously “Buy” rating. Jefferies started covering the stock on November 13, 2023. It rated STZ as “a Buy”.
Price Performance Review of STZ
On Monday, Constellation Brands Inc [NYSE:STZ] saw its stock jump 0.48% to $257.31. Over the last five days, the stock has lost -1.49%. Constellation Brands Inc shares have risen nearly 6.44% since the year began. Nevertheless, the stocks have risen 15.69% over the past one year. While a 52-week high of $274.87 was reached on 04/11/24, a 52-week low of $221.81 was recorded on 01/02/24. SMA at 50 days reached $260.53, while 200 days put it at $251.70. A total of 0.75 million shares were traded, compared to the trading of 0.74 million shares in the previous session.
Levels Of Support And Resistance For STZ Stock
The 24-hour chart illustrates a support level at 255.73, which if violated will result in even more drops to 254.16. On the upside, there is a resistance level at 258.63. A further resistance level may holdings at 259.96. The Relative Strength Index (RSI) on the 14-day chart is 45.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.40%. Stochastics %K at 28.61% indicates the stock is a holding.
The most recent change occurred on September 20, 2023 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $307.
