Constellation Brands Inc’s recent filing unveils that its President & CEO Newlands William A unloaded Company’s shares for reported $6.09 million on Nov 14 ’24. In the deal valued at $243.58 per share,25,000 shares were sold. As a result of this transaction, Newlands William A now holds 7,274 shares worth roughly $1.73 million.
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Then, Sabia James A. Jr. sold 36,086 shares, generating $8,768,541 in total proceeds. Upon selling the shares at $242.99, the EVP & Pres. Beer now owns 16,042 shares.
Before that, Carey Kaneenat Kristann sold 330 shares. Constellation Brands Inc shares valued at $78,870 were divested by the EVP & Chief HR Officer at a price of $239.00 per share. As a result of the transaction, Carey Kaneenat Kristann now holds 2,391 shares, worth roughly $0.57 million.
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 Monday, Constellation Brands Inc [NYSE:STZ] saw its stock jump 0.23% to $238.06. Over the last five days, the stock has gained 0.79%. Constellation Brands Inc shares have fallen nearly -1.53% since the year began. Nevertheless, the stocks have risen 0.62% over the past one year. While a 52-week high of $274.87 was reached on 04/11/24, a 52-week low of $224.76 was recorded on 11/06/24. SMA at 50 days reached $243.88, while 200 days put it at $250.73.
Levels Of Support And Resistance For STZ Stock
The 24-hour chart illustrates a support level at 236.69, which if violated will result in even more drops to 235.31. On the upside, there is a resistance level at 238.92. A further resistance level may holdings at 239.77. The Relative Strength Index (RSI) on the 14-day chart is 48.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.97%. Stochastics %K at 73.81% 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 2024-10-31, dropping by -0.51 million shares to a total of 2.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.63 million shares. There was a decline of -23.86%, 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.
