In the meantime, Deutsche Bank downgraded its Mondelez International Inc [MDLZ] rating to a Hold from a a Buy in a research note published on December 12, 2024; the price target was decreased to $67 from $78. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Goldman began covering MDLZ with “Buy” recommendation on August 12, 2024. DA Davidson maintained its rating on July 31, 2024. It rated MDLZ as “a Buy”.
Price Performance Review of MDLZ
On Friday, Mondelez International Inc [NASDAQ:MDLZ] saw its stock fall -1.12% to $61.93. Over the last five days, the stock has lost -1.48%. Mondelez International Inc shares have fallen nearly -14.50% since the year began. Nevertheless, the stocks have fallen -15.29% over the past one year. While a 52-week high of $77.20 was reached on 02/02/24, a 52-week low of $60.33 was recorded on 12/09/24. SMA at 50 days reached $67.12, while 200 days put it at $69.10.
Levels Of Support And Resistance For MDLZ Stock
The 24-hour chart illustrates a support level at 61.58, which if violated will result in even more drops to 61.24. On the upside, there is a resistance level at 62.50. A further resistance level may holdings at 63.08. The Relative Strength Index (RSI) on the 14-day chart is 32.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.32%. Stochastics %K at 44.16% indicates the stock is a holding.
How much short interest is there in Mondelez International Inc?
A steep rise in short interest was recorded in Mondelez International Inc stocks on 2024-11-29, dropping by -1.42 million shares to a total of 11.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 12.76 million shares. There was a decline of -12.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 01, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $87 price target.
