Taking this into account, Redburn Atlantic initiated its Mondelez International Inc. [MDLZ] rating to a Buy in a research note published on October 22, 2024; the price target was $82. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid August with a ‘”a Buy”‘ rating. DA Davidson also remained covering MDLZ and reiterated its “Buy” recommendation on July 31, 2024. Citigroup started covering the stock on February 01, 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 jump 1.31% to $71.35. Over the last five days, the stock has lost -0.63%. Mondelez International Inc. shares have fallen nearly -1.49% since the year began. Nevertheless, the stocks have risen 11.31% over the past one year. While a 52-week high of $77.20 was reached on 02/02/24, a 52-week low of $63.66 was recorded on 07/16/24. SMA at 50 days reached $72.54, while 200 days put it at $70.61.
Levels Of Support And Resistance For MDLZ Stock
The 24-hour chart illustrates a support level at 70.47, which if violated will result in even more drops to 69.59. On the upside, there is a resistance level at 71.81. A further resistance level may holdings at 72.27. The Relative Strength Index (RSI) on the 14-day chart is 45.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.74%. Stochastics %K at 36.42% indicates the stock is a holding.
How much short interest is there in Mondelez International Inc.?
A steep rise in short interest was recorded in Mondelez International Inc. stocks on 2024-09-30, dropping by -0.77 million shares to a total of 13.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.98 million shares. There was a decline of -5.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 18, 2024 when Deutsche Bank resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $80.
