KD Logo

Monster Beverage Corp. (MNST) receives an Overweight rating from Wells Fargo

CHWY Stock

Monster Beverage Corp.’s recently made public that its Chairman and Co-CEO SACKS RODNEY C unloaded Company’s shares for reported $17.56 million on Jun 11 ’24. In the deal valued at $53.00 per share,331,231 shares were sold. As a result of this transaction, SACKS RODNEY C now holds 43,618 shares worth roughly $2.17 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, SCHLOSBERG HILTON H sold 331,231 shares, generating $17,555,243 in total proceeds. Upon selling the shares at $53.00, the Vice Chairman and Co-CEO now owns 43,618 shares.

Before that, HALL MARK J sold 235,908 shares. Monster Beverage Corp. shares valued at $12,503,124 were divested by the Director at a price of $53.00 per share. As a result of the transaction, HALL MARK J now holds 296,846 shares, worth roughly $14.77 million.

Wells Fargo reiterated its Monster Beverage Corp. [MNST] rating to an Overweight in a research note published on June 25, 2024; the price target was $59. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in late June with a ‘”an Underperform”‘ rating. Stifel also remained covering MNST and reiterated its “Buy” recommendation on June 17, 2024. UBS maintained its rating on May 03, 2024. It rated MNST as “a Neutral”.

Price Performance Review of MNST

On Friday, Monster Beverage Corp. [NASDAQ:MNST] saw its stock jump 1.20% to $49.75. Over the last five days, the stock has lost -1.62%. Monster Beverage Corp. shares have fallen nearly -13.64% since the year began. Nevertheless, the stocks have fallen -12.67% 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 06/17/24. SMA at 50 days reached $52.04, while 200 days put it at $54.50. A total of 6.08 million shares were traded, compared to the trading of 4.17 million shares in the previous session.

Levels Of Support And Resistance For MNST Stock

The 24-hour chart illustrates a support level at 49.20, which if violated will result in even more drops to 48.66. On the upside, there is a resistance level at 50.06. A further resistance level may holdings at 50.38. The Relative Strength Index (RSI) on the 14-day chart is 43.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.97%. Stochastics%K at 52.97% indicates the stock is a holding.

The most recent change occurred on May 03, 2024 when Piper Sandler resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $59.

Most Popular