The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Monster Beverage Corp. shares valued at $781,801 were sold by VIDERGAUZ MARK on Jun 11 ’24. At $51.85 per share, VIDERGAUZ MARK sold 15,077 shares. The insider’s holdings dropped to 68,167 shares worth approximately $3.65 million following the completion of this transaction.
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Also, HALL MARK J sold 235,908 shares, netting a total of over 12,503,124 in proceeds. Following the sale of shares at $53.00 each, the insider now holds 296,846 shares.
Before that, SCHLOSBERG HILTON H had sold 331,231 shares from its account. In a trade valued at $17,555,243, the Vice Chairman and Co-CEO traded Monster Beverage Corp. shares for $53.00 each. Upon closing the transaction, the insider’s holdings decreased to 331,231 shares, worth approximately $2.34 million.
As published in a research note from BofA Securities on October 15, 2024, Monster Beverage Corp. [MNST] has been retained to a Buy and the price target has been revised to $57. Analysts at UBS resumed the stock at ‘”a Neutral”‘ outlook in a report released in early October. As of August 12, 2024, ROTH MKM has reiterated its “Neutral” rating for MNST. Earlier on August 09, 2024, Truist resumed its rating. Their recommendation was “a Sell” for MNST stock.
Analyzing MNST Stock Performance
During the last five days, there has been a surge of approximately 7.66%. Over the course of the year, Monster Beverage Corp. shares have dropped approximately -7.00%. Shares of the company reached a 52-week high of $61.22 on 03/13/24 and a 52-week low of $43.32 on 08/08/24. A 50-day SMA is recorded $49.42, while a 200-day SMA reached $53.14. Nevertheless, trading volume fell to 6.35 million shares from 8.0 million shares the previous day.
Support And Resistance Levels for Monster Beverage Corp. (MNST)
According to the 24-hour chart, there is a support level at 52.66, which, if violated, would cause prices to drop to 51.74. In the upper region, resistance lies at 54.07. The next price resistance is at 54.57. RSI (Relative Strength Index) is 65.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.42, which suggests the price will increase in the coming days. Percent R is at 1.36%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
