Following these proceedings, Goldman initiated its Mondelez International Inc. [MDLZ] rating to a Buy in a research note published on August 12, 2024; the price target was $80. A number of analysts have revised their coverage, including DA Davidson’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. Citigroup began covering MDLZ with “Buy” recommendation on February 01, 2024. Deutsche Bank maintained its rating on January 18, 2024. It rated MDLZ as “a Buy”.
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Price Performance Review of MDLZ
On Tuesday, Mondelez International Inc. [NASDAQ:MDLZ] saw its stock fall -0.57% to $75.10. Over the last five days, the stock has lost -0.04%. Mondelez International Inc. shares have risen nearly 3.69% since the year began. Nevertheless, the stocks have risen 4.39% over the past one year. While a 52-week high of $77.20 was reached on 02/02/24, a 52-week low of $60.75 was recorded on 07/16/24. SMA at 50 days reached $69.97, while 200 days put it at $70.51.
Levels Of Support And Resistance For MDLZ Stock
The 24-hour chart illustrates a support level at 74.81, which if violated will result in even more drops to 74.53. On the upside, there is a resistance level at 75.66. A further resistance level may holdings at 76.23. The Relative Strength Index (RSI) on the 14-day chart is 65.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.20%. Stochastics %K at 86.32% indicates the stock is a selling.
How much short interest is there in Mondelez International Inc.?
A steep rise in short interest was recorded in Mondelez International Inc. stocks on 2024-08-30, growing by 1.44 million shares to a total of 13.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.54 million shares. There was a rise of 10.29%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 08, 2023 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $83 price target.