In a filing, Monster Beverage Corp. revealed its Director VIDERGAUZ MARK unloaded Company’s shares for reported $0.78 million on Jun 11 ’24. In the deal valued at $51.85 per share,15,077 shares were sold. As a result of this transaction, VIDERGAUZ MARK now holds 68,167 shares worth roughly $3.68 million.
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Then, HALL MARK J sold 235,908 shares, generating $12,503,124 in total proceeds. Upon selling the shares at $53.00, the Director now owns 296,846 shares.
Before that, SCHLOSBERG HILTON H sold 331,231 shares. Monster Beverage Corp. shares valued at $17,555,243 were divested by the Vice Chairman and Co-CEO at a price of $53.00 per share. As a result of the transaction, SCHLOSBERG HILTON H now holds 43,618 shares, worth roughly $2.36 million.
BofA Securities reiterated its Monster Beverage Corp. [MNST] rating to a Buy in a research note published on October 15, 2024; the price target was $57. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Neutral”‘ rating for it. ROTH MKM also remained covering MNST and reiterated its “Neutral” recommendation on August 12, 2024. Truist maintained its rating on August 09, 2024. It rated MNST as “a Sell”.
Price Performance Review of MNST
On Friday, Monster Beverage Corp. [NASDAQ:MNST] saw its stock jump 1.14% to $54.05. Over the last five days, the stock has gained 5.34%. Monster Beverage Corp. shares have fallen nearly -6.18% since the year began. Nevertheless, the stocks have risen 8.45% over the past one year. While a 52-week high of $61.22 was reached on 03/13/24, a 52-week low of $43.32 was recorded on 08/08/24. SMA at 50 days reached $49.66, while 200 days put it at $53.10.
Levels Of Support And Resistance For MNST Stock
The 24-hour chart illustrates a support level at 53.43, which if violated will result in even more drops to 52.81. On the upside, there is a resistance level at 54.44. A further resistance level may holdings at 54.82. The Relative Strength Index (RSI) on the 14-day chart is 67.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.91%. Stochastics %K at 96.52% indicates the stock is a selling.
How much short interest is there in Monster Beverage Corp.?
A steep rise in short interest was recorded in Monster Beverage Corp. stocks on 2024-09-30, dropping by -5.01 million shares to a total of 22.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 27.92 million shares. There was a decline of -21.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 08, 2024 when Wells Fargo resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $57.
