Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Constellation Brands Inc shares valued at $6,087,500 were purchased by Newlands William A on Nov 14 ’24. At $243.50 per share, Newlands William A acquired 25,000 shares.
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Also, Sabia James A. Jr. purchased 36,086 shares, netting a total of over 8,768,541 in proceeds.
Before that, ZMSS Business Holdings LP had added 59,637 shares to its account. In a trade valued at $14,335,281, the Affiliate bought Constellation Brands Inc shares for $240.38 each.
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 surge of approximately 3.74%. Over the course of the year, Constellation Brands Inc shares have jumped approximately 0.10%. Shares of the company reached a 52-week high of $274.87 on 04/11/24 and a 52-week low of $224.76 on 11/06/24. A 50-day SMA is recorded $244.37, while a 200-day SMA reached $250.87. Nevertheless, trading volume fell to 1.12 million shares from 1.1 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 240.54, which, if violated, would cause prices to drop to 239.08. In the upper region, resistance lies at 243.88. The next price resistance is at 245.77. RSI (Relative Strength Index) is 54.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.23, which suggests the price will increase in the coming days. Percent R is at 11.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
