Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Monster Beverage Corp shares valued at $562,100 were sold by VIDERGAUZ MARK on Nov 12 ’24. At $56.21 per share, VIDERGAUZ MARK sold 10,000 shares. The insider’s holdings dropped to 58,167 shares worth approximately $3.13 million following the completion of this transaction.
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Also, VIDERGAUZ MARK purchased 10,000 shares, netting a total of over 560,649 in proceeds.
Before that, VIDERGAUZ MARK had sold 15,077 shares from its account. In a trade valued at $781,801, the Director traded Monster Beverage Corp shares for $51.85 each. Upon closing the transaction, the insider’s holdings decreased to 15,077 shares, worth approximately $3.66 million.
As published in a research note from Argus on November 12, 2024, Monster Beverage Corp [MNST] has been retained to a Buy and the price target has been revised to $65. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in mid November. As of November 08, 2024, UBS has reiterated its “Neutral” rating for MNST. Earlier on November 08, 2024, Stifel resumed its rating. Their recommendation was “a Buy” for MNST stock.
Analyzing MNST Stock Performance
During the last five days, there has been a drop of approximately -1.97%. Over the course of the year, Monster Beverage Corp shares have dropped approximately -6.70%. Shares of the company reached a 52-week high of $61.22 on 03/13/24 and a 52-week low of $43.32 on 08/08/24. A 50-day SMA is recorded $53.17, while a 200-day SMA reached $52.71. Nevertheless, trading volume fell to 4.04 million shares from 4.41 million shares the previous day.
Support And Resistance Levels for Monster Beverage Corp (MNST)
According to the 24-hour chart, there is a support level at 53.48, which, if violated, would cause prices to drop to 53.22. In the upper region, resistance lies at 54.17. The next price resistance is at 54.60. RSI (Relative Strength Index) is 47.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 59.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
