In a filing, Monster Beverage Corp revealed its Director VIDERGAUZ MARK unloaded Company’s shares for reported $0.56 million on Nov 12 ’24. In the deal valued at $56.21 per share,10,000 shares were sold. As a result of this transaction, VIDERGAUZ MARK now holds 58,167 shares worth roughly $3.04 million.
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Then, VIDERGAUZ MARK bought 10,000 shares, generating $560,649 in total proceeds.
Before that, VIDERGAUZ MARK sold 15,077 shares. Monster Beverage Corp shares valued at $781,801 were divested by the Director at a price of $51.85 per share. As a result of the transaction, VIDERGAUZ MARK now holds 68,167 shares, worth roughly $3.56 million.
Needham initiated its Monster Beverage Corp [MNST] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering MNST and reiterated its “Hold” recommendation on November 11, 2024. UBS maintained its rating on November 08, 2024. It rated MNST as “a Neutral”.
Price Performance Review of MNST
On Friday, Monster Beverage Corp [NASDAQ:MNST] saw its stock fall -1.56% to $52.27. Over the last five days, the stock has lost -5.19%. Monster Beverage Corp shares have fallen nearly -9.27% since the year began. Nevertheless, the stocks have fallen -3.74% 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 $53.20, while 200 days put it at $52.69.
Levels Of Support And Resistance For MNST Stock
The 24-hour chart illustrates a support level at 51.76, which if violated will result in even more drops to 51.25. On the upside, there is a resistance level at 53.26. A further resistance level may holdings at 54.24. The Relative Strength Index (RSI) on the 14-day chart is 39.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.11%. Stochastics %K at 28.63% 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 2024-11-15, dropping by -2.69 million shares to a total of 20.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 22.74 million shares. There was a decline of -13.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 08, 2024 when Stifel resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $59.
