Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Constellation Brands Inc shares valued at $4,826,574 were sold by Hankinson Garth on Aug 09 ’24. At $240.16 per share, Hankinson Garth sold 20,097 shares. The insider’s holdings dropped to 11,702 shares worth approximately $2.99 million following the completion of this transaction.
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Also, Hankinson Garth sold 13,583 shares, netting a total of over 3,259,920 in proceeds. Following the sale of shares at $240.00 each, the insider now holds 11,702 shares.
Before that, Hankinson Garth had added 33,680 shares to its account. In a trade valued at $8,083,200, the Officer bought Constellation Brands Inc shares for $240.00 each.
As published in a research note from UBS on July 05, 2024, Constellation Brands Inc [STZ] has been retained to a Buy and the price target has been revised to $320. Analysts at ROTH MKM resumed the stock at ‘”a Buy”‘ outlook in a report released in early July. As of July 05, 2024, JP Morgan has reiterated its “an Overweight” rating for STZ. Earlier on April 15, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for STZ stock which previously was a “a Hold”.
Analyzing STZ Stock Performance
During the last five days, there has been a surge of approximately 1.50%. Over the course of the year, Constellation Brands Inc shares have jumped approximately 5.76%. Shares of the company reached a 52-week high of $274.87 on 04/11/24 and a 52-week low of $235.57 on 08/05/24. A 50-day SMA is recorded $246.91, while a 200-day SMA reached $252.02. Nevertheless, trading volume fell to 1.19 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Constellation Brands Inc (STZ)
According to the 24-hour chart, there is a support level at 254.03, which, if violated, would cause prices to drop to 252.40. In the upper region, resistance lies at 257.33. The next price resistance is at 259.00. RSI (Relative Strength Index) is 58.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.42, which suggests the price will increase in the coming days. Percent R is at 38.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
