Monster Beverage Corp’s recently made public that its Director VIDERGAUZ MARK acquired Company’s shares for reported $0.56 million on Nov 12 ’24. In the deal valued at $56.06 per share,10,000 shares were bought.
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Then, VIDERGAUZ MARK sold 15,077 shares, generating $781,801 in total proceeds. Upon selling the shares at $51.85, the Director now owns 68,167 shares.
Before that, HALL MARK J sold 235,908 shares. Monster Beverage Corp shares valued at $12,503,124 were divested by the Director at a price of $53.00 per share. As a result of the transaction, HALL MARK J now holds 296,846 shares, worth roughly $16.63 million.
Argus reiterated its Monster Beverage Corp [MNST] rating to a Buy in a research note published on November 12, 2024; the price target was $65. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Hold”‘ rating for it. UBS also remained covering MNST and reiterated its “Neutral” recommendation on November 08, 2024. Stifel maintained its rating on November 08, 2024. It rated MNST as “a Buy”.
Price Performance Review of MNST
On Tuesday, Monster Beverage Corp [NASDAQ:MNST] saw its stock jump 0.50% to $56.02. Over the last five days, the stock has gained 3.53%. Monster Beverage Corp shares have fallen nearly -2.76% since the year began. Nevertheless, the stocks have risen 1.34% 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 $52.02, while 200 days put it at $52.81.
Levels Of Support And Resistance For MNST Stock
The 24-hour chart illustrates a support level at 55.59, which if violated will result in even more drops to 55.16. On the upside, there is a resistance level at 56.42. A further resistance level may holdings at 56.82. The Relative Strength Index (RSI) on the 14-day chart is 70.23, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.18%. Stochastics %K at 77.12% indicates the stock is a holding.
How much short interest is there in Monster Beverage Corp?
A steep rise in short interest was recorded in Monster Beverage Corp stocks on 2024-10-15, dropping by -1.84 million shares to a total of 22.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 24.58 million shares. There was a decline of -8.07%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 08, 2024 when JP Morgan resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $52.
