In a filing, Monster Beverage Corp. revealed 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 $42.52 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 $3.28 million.
UBS reiterated its Monster Beverage Corp. [MNST] rating to a Neutral in a research note published on May 03, 2024; the price target was $60. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Neutral”‘ rating for it. Morgan Stanley also remained covering MNST and reiterated its “an Overweight” recommendation on May 03, 2024. BMO Capital Markets maintained its rating on May 03, 2024. It rated MNST as “a Market perform”.
Price Performance Review of MNST
On Tuesday, Monster Beverage Corp. [NASDAQ:MNST] saw its stock jump 0.83% to $54.67. Over the last five days, the stock has gained 2.28%. Monster Beverage Corp. shares have fallen nearly -5.10% since the year began. Nevertheless, the stocks have fallen -8.44% 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 $56.72, while 200 days put it at $55.66. A total of 8.6 million shares were traded, compared to the trading of 10.09 million shares in the previous session.
Levels Of Support And Resistance For MNST Stock
The 24-hour chart illustrates a support level at 54.23, which if violated will result in even more drops to 53.79. On the upside, there is a resistance level at 54.94. A further resistance level may holdings at 55.22. The Relative Strength Index (RSI) on the 14-day chart is 48.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.46%. Stochastics %K at 77.37% indicates the stock is a holding.
