In a filing, Monster Beverage Corp revealed its Officer KELLY THOMAS J acquired Company’s shares for reported $0.53 million on Dec 13 ’24. In the deal valued at $52.65 per share,10,000 shares were bought.
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Then, VIDERGAUZ MARK sold 10,000 shares, generating $562,100 in total proceeds. Upon selling the shares at $56.21, the Director now owns 58,167 shares.
Before that, VIDERGAUZ MARK bought 10,000 shares. Monster Beverage Corp shares valued at $560,649 were divested by the Director at a price of $56.06 per share.
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 -0.30% to $52.76. Over the last five days, the stock has gained 0.94%. Monster Beverage Corp shares have fallen nearly -8.42% since the year began. Nevertheless, the stocks have fallen -6.70% 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 $53.33, while 200 days put it at $52.60.
Levels Of Support And Resistance For MNST Stock
The 24-hour chart illustrates a support level at 52.34, which if violated will result in even more drops to 51.93. On the upside, there is a resistance level at 53.01. A further resistance level may holdings at 53.27. The Relative Strength Index (RSI) on the 14-day chart is 44.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.30%. Stochastics %K at 14.55% indicates the stock is a buying.
How much short interest is there in Monster Beverage Corp?
A steep rise in short interest was recorded in Monster Beverage Corp stocks on 2024-11-29, dropping by -0.24 million shares to a total of 20.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 20.77 million shares. There was a decline of -1.15%, 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.
