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Constellation Brands Inc [STZ] Stock sold by Insider McGrew Michael for $0.83 million

In a filing, Constellation Brands Inc revealed its EVP, Chief Com, Strt, ESG, Div McGrew Michael unloaded Company’s shares for reported $0.83 million on May 03 ’24. In the deal valued at $255.50 per share,3,237 shares were sold. As a result of this transaction, McGrew Michael now holds 1,731 shares worth roughly $0.45 million.

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Then, Newlands William A sold 4,013 shares, generating $1,056,415 in total proceeds. Upon selling the shares at $263.25, the President & CEO now owns 5,395 shares.

Before that, Sabia James A. Jr. sold 15,781 shares. Constellation Brands Inc shares valued at $4,160,328 were divested by the EVP & Pres. Beer at a price of $263.63 per share. As a result of the transaction, Sabia James A. Jr. now holds 20,910 shares, worth roughly $5.48 million.

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 Friday, Constellation Brands Inc [NYSE:STZ] saw its stock jump 0.48% to $261.95. Over the last five days, the stock has gained 2.29%. Constellation Brands Inc shares have risen nearly 8.36% since the year began. Nevertheless, the stocks have risen 15.81% over the past one year. While a 52-week high of $274.87 was reached on 04/11/24, a 52-week low of $223.01 was recorded on 01/02/24. SMA at 50 days reached $261.53, while 200 days put it at $251.47. A total of 0.5 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For STZ Stock

The 24-hour chart illustrates a support level at 260.44, which if violated will result in even more drops to 258.93. On the upside, there is a resistance level at 263.23. A further resistance level may holdings at 264.51. The Relative Strength Index (RSI) on the 14-day chart is 55.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.09%. Stochastics %K at 67.24% 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.

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