Constellation Brands Inc’s recent filing unveils 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 $404.85 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 $404.85 million.
Needham initiated its Constellation Brands Inc [STZ] rating to a Buy in a research note published on December 06, 2024; the price target was $280. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating. TD Cowen also remained covering STZ and has decreased its forecast on October 08, 2024 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on October 07, 2024. It rated STZ as “a Neutral” which previously was an “a Buy”.
Price Performance Review of STZ
On Tuesday, Constellation Brands Inc [NYSE:STZ] saw its stock jump 0.07% to $233.09. Over the last five days, the stock has lost -3.92%. Constellation Brands Inc shares have fallen nearly -3.58% since the year began. Nevertheless, the stocks have fallen -1.43% 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 $238.74, while 200 days put it at $250.00.
Levels Of Support And Resistance For STZ Stock
The 24-hour chart illustrates a support level at 231.86, which if violated will result in even more drops to 230.63. On the upside, there is a resistance level at 234.65. A further resistance level may holdings at 236.21. The Relative Strength Index (RSI) on the 14-day chart is 40.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.14%. Stochastics %K at 29.98% indicates the stock is a holding.
How much short interest is there in Constellation Brands Inc?
A steep rise in short interest was recorded in Constellation Brands Inc stocks on 2024-11-29, growing by 0.71 million shares to a total of 2.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.12 million shares. There was a rise of 25.09%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 05, 2024 when UBS resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $320.
