Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Monster Beverage Corp shares valued at $526,500 were sold by KELLY THOMAS J on Dec 13 ’24. At $52.65 per share, KELLY THOMAS J sold 10,000 shares. The insider’s holdings dropped to 74,924 shares worth approximately $3.95 million following the completion of this transaction.
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Also, KELLY THOMAS J purchased 10,000 shares, netting a total of over 526,541 in proceeds.
Before that, VIDERGAUZ MARK had sold 10,000 shares from its account. In a trade valued at $562,100, the Director traded Monster Beverage Corp shares for $56.21 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $3.06 million.
As published in a research note from Exane BNP Paribas on December 19, 2024, Monster Beverage Corp [MNST] has been retained to an Underperform and the price target has been revised to $45. Analysts at Needham started covering the stock with ‘”a Hold”‘ outlook in a report released in early December. As of November 12, 2024, Argus has reiterated its “Buy” rating for MNST. Earlier on November 11, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for MNST stock.
Analyzing MNST Stock Performance
During the last five days, there has been a surge of approximately 2.19%. Over the course of the year, Monster Beverage Corp shares have dropped approximately -8.57%. 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 $53.52, while a 200-day SMA reached $52.32. Nevertheless, trading volume fell to 2.92 million shares from 2.03 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 52.24, which, if violated, would cause prices to drop to 51.81. In the upper region, resistance lies at 53.04. The next price resistance is at 53.41. RSI (Relative Strength Index) is 48.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 32.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
