Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Constellation Brands Inc shares valued at $1,761,769 were purchased by Newlands William A on Oct 29 ’24. At $237.24 per share, Newlands William A acquired 7,426 shares.
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Also, SANDS ROBERT sold 119,274 shares, netting a total of over 28,908,889 in proceeds. Following the sale of shares at $242.37 each, the insider now holds 431,729 shares.
Before that, Robert Sands Master Trust had sold 119,274 shares from its account. In a trade valued at $28,908,889, the 10% Owner traded Constellation Brands Inc shares for $242.37 each. Upon closing the transaction, the insider’s holdings decreased to 119,274 shares, worth approximately $101.66 million.
As published in a research note from TD Cowen on October 08, 2024, Constellation Brands Inc [STZ] has been rated down from a Buy to a Hold and the price target has been revised to $270 from $300. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of July 05, 2024, UBS has reiterated its “Buy” rating for STZ. Earlier on July 05, 2024, ROTH MKM resumed its rating. Their recommendation was “a Buy” for STZ stock.
Analyzing STZ Stock Performance
During the last five days, there has been a drop of approximately -2.46%. Over the course of the year, Constellation Brands Inc shares have dropped approximately -2.60%. Shares of the company reached a 52-week high of $274.87 on 04/11/24 and a 52-week low of $234.56 on 10/30/24. A 50-day SMA is recorded $245.99, while a 200-day SMA reached $251.66. Nevertheless, trading volume fell to 0.93 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for Constellation Brands Inc (STZ)
According to the 24-hour chart, there is a support level at 234.11, which, if violated, would cause prices to drop to 232.74. In the upper region, resistance lies at 237.29. The next price resistance is at 239.10. RSI (Relative Strength Index) is 35.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.18, which suggests the price will decrease in the coming days. Percent R is at 93.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
