Constellation Brands Inc’s filing revealed that its 10% Owner WildStar Partners LLC unloaded Company’s shares for reported $0.16 million on Nov 20 ’24. In the deal valued at $241.00 per share,660 shares were sold. As a result of this transaction, WildStar Partners LLC now holds 1,736,884 shares worth roughly $419.75 million.
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Then, SANDS RICHARD sold 660 shares, generating $159,060 in total proceeds. Upon selling the shares at $241.00, the Director now owns 20,428,521 shares.
Before that, SER Business Holdings LP sold 660 shares. Constellation Brands Inc shares valued at $159,060 were divested by the Member of 10% owner group at a price of $241.00 per share. As a result of the transaction, SER Business Holdings LP now holds 1,736,884 shares, worth roughly $419.75 million.
Exane BNP Paribas initiated its Constellation Brands Inc [STZ] rating to a Neutral in a research note published on November 25, 2024; the price target was $261. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. BofA Securities also remained covering STZ and has decreased its forecast on October 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. UBS 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 0.84% to $241.67. Over the last five days, the stock has gained 1.52%. Constellation Brands Inc shares have fallen nearly -0.03% since the year began. Nevertheless, the stocks have risen 1.38% 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 $242.81, while 200 days put it at $250.61.
Levels Of Support And Resistance For STZ Stock
The 24-hour chart illustrates a support level at 239.97, which if violated will result in even more drops to 238.26. On the upside, there is a resistance level at 243.99. A further resistance level may holdings at 246.30. The Relative Strength Index (RSI) on the 14-day chart is 53.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.77%. Stochastics %K at 81.10% indicates the stock is a selling.
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 ROTH MKM resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $303.
