In a filing, Constellation Brands Inc revealed its EVP & CFO Hankinson Garth unloaded Company’s shares for reported $4.83 million on Aug 09 ’24. In the deal valued at $240.16 per share,20,097 shares were sold. As a result of this transaction, Hankinson Garth now holds 11,702 shares worth roughly $2.96 million.
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Then, Hankinson Garth sold 13,583 shares, generating $3,259,920 in total proceeds. Upon selling the shares at $240.00, the EVP & CFO now owns 11,702 shares.
Before that, Hankinson Garth bought 33,680 shares. Constellation Brands Inc shares valued at $8,083,200 were divested by the Officer at a price of $240.00 per share.
UBS reiterated its Constellation Brands Inc [STZ] rating to a Buy in a research note published on July 05, 2024; the price target was $320. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who remained covering the stock and in early July has reiterated a ‘”a Buy”‘ rating for it. JP Morgan also remained covering STZ and reiterated its “an Overweight” recommendation on July 05, 2024. Argus revised its rating on April 15, 2024. It rated STZ as “a Buy” which previously was an “a Hold”.
Price Performance Review of STZ
On Tuesday, Constellation Brands Inc [NYSE:STZ] saw its stock fall -0.31% to $252.86. Over the last five days, the stock has gained 1.35%. Constellation Brands Inc shares have risen nearly 4.60% since the year began. Nevertheless, the stocks have fallen -2.87% over the past one year. While a 52-week high of $274.87 was reached on 04/11/24, a 52-week low of $227.50 was recorded on 08/05/24. SMA at 50 days reached $246.14, while 200 days put it at $251.16.
Levels Of Support And Resistance For STZ Stock
The 24-hour chart illustrates a support level at 250.85, which if violated will result in even more drops to 248.84. On the upside, there is a resistance level at 255.16. A further resistance level may holdings at 257.46. The Relative Strength Index (RSI) on the 14-day chart is 61.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.57%. Stochastics %K at 88.41% indicates the stock is a selling.
How much short interest is there in Constellation Brands Inc?
A steep rise in short interest was recorded in Constellation Brands Inc stocks on 2024-08-30, dropping by -0.57 million shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.95 million shares. There was a decline of -23.99%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 22, 2024 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $300 price target.