Constellation Brands Inc’s recent filing unveils that its Director SANDS ROBERT unloaded Company’s shares for reported $28.91 million on Oct 16 ’24. In the deal valued at $242.37 per share,119,274 shares were sold. As a result of this transaction, SANDS ROBERT now holds 431,729 shares worth roughly $103.35 million.
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Then, Robert Sands Master Trust sold 119,274 shares, generating $28,908,889 in total proceeds. Upon selling the shares at $242.37, the 10% Owner now owns 431,729 shares.
Before that, RSS Master LLC bought 119,274 shares. Constellation Brands Inc shares valued at $28,908,840 were divested by the Director at a price of $242.37 per share.
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 fall -0.55% to $239.38. Over the last five days, the stock has lost -0.89%. Constellation Brands Inc shares have fallen nearly -0.98% since the year began. Nevertheless, the stocks have risen 2.29% over the past one year. While a 52-week high of $274.87 was reached on 04/11/24, a 52-week low of $227.64 was recorded on 08/05/24. SMA at 50 days reached $246.44, while 200 days put it at $251.97.
Levels Of Support And Resistance For STZ Stock
The 24-hour chart illustrates a support level at 238.07, which if violated will result in even more drops to 236.76. On the upside, there is a resistance level at 241.18. A further resistance level may holdings at 242.98. The Relative Strength Index (RSI) on the 14-day chart is 40.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.92%. Stochastics %K at 31.45% indicates the stock is a holding.
How much short interest is there in Constellation Brands Inc?
A steep rise in short interest was recorded in Constellation Brands Inc stocks on 2024-10-15, dropping by -0.89 million shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.19 million shares. There was a decline of -38.55%, which implies that there is a negative 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.
