Constellation Brands Inc’s recently made public that its Officer Bourdeau James O. acquired Company’s shares for reported $5.76 million on Oct 04 ’24. In the deal valued at $260.00 per share,22,170 shares were bought.
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Then, Hankinson Garth sold 20,097 shares, generating $4,826,574 in total proceeds. Upon selling the shares at $240.16, the EVP & CFO now owns 11,702 shares.
Before that, Hankinson Garth sold 13,583 shares. Constellation Brands Inc shares valued at $3,259,920 were divested by the EVP & CFO at a price of $240.00 per share. As a result of the transaction, Hankinson Garth now holds 11,702 shares, worth roughly $2.82 million.
TD Cowen downgraded its Constellation Brands Inc [STZ] rating to a Hold from a a Buy in a research note published on October 08, 2024; the price target was decreased to $270 from $300. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. UBS also remained covering STZ and reiterated its “Buy” recommendation on July 05, 2024. ROTH MKM maintained its rating on July 05, 2024. It rated STZ as “a Buy”.
Price Performance Review of STZ
On Friday, Constellation Brands Inc [NYSE:STZ] saw its stock jump 0.61% to $241.06. Over the last five days, the stock has lost -2.27%. Constellation Brands Inc shares have fallen nearly -0.29% since the year began. Nevertheless, the stocks have risen 0.86% 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 $246.22, while 200 days put it at $252.18.
Levels Of Support And Resistance For STZ Stock
The 24-hour chart illustrates a support level at 239.87, which if violated will result in even more drops to 238.68. On the upside, there is a resistance level at 242.03. A further resistance level may holdings at 243.01. The Relative Strength Index (RSI) on the 14-day chart is 39.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.40%. Stochastics %K at 13.68% indicates the stock is a buying.
How much short interest is there in Constellation Brands Inc?
A steep rise in short interest was recorded in Constellation Brands Inc stocks on 2024-09-30, growing by 0.25 million shares to a total of 2.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.38 million shares. There was a rise of 9.4%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 05, 2024 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $320.
