Monster Beverage Corp’s recent filing unveils that its Chief Financial Officer KELLY THOMAS J unloaded 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 sold. As a result of this transaction, KELLY THOMAS J now holds 74,924 shares worth roughly $3.86 million.
Then, KELLY THOMAS J bought 10,000 shares, generating $526,541 in total proceeds.
Before that, VIDERGAUZ MARK sold 10,000 shares. Monster Beverage Corp shares valued at $562,100 were divested by the Director at a price of $56.21 per share. As a result of the transaction, VIDERGAUZ MARK now holds 58,167 shares, worth roughly $3.0 million.
Exane BNP Paribas reiterated its Monster Beverage Corp [MNST] rating to an Underperform in a research note published on December 19, 2024; the price target was $45. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in early December with a ‘”a Hold”‘ rating. Argus also remained covering MNST and reiterated its “Buy” recommendation on November 12, 2024. TD Cowen maintained its rating on November 11, 2024. It rated MNST as “a Hold”.
Price Performance Review of MNST
On Tuesday, Monster Beverage Corp [NASDAQ:MNST] saw its stock fall -0.62% to $51.55. Over the last five days, the stock has lost -1.87%. Monster Beverage Corp shares have fallen nearly -1.92% since the year began. Nevertheless, the stocks have fallen -10.41% over the past one year. While a 52-week high of $61.22 was reached on 01/02/25, a 52-week low of $43.32 was recorded on 01/07/25. SMA at 50 days reached $53.33, while 200 days put it at $52.03.
Levels Of Support And Resistance For MNST Stock
The 24-hour chart illustrates a support level at 51.15, which if violated will result in even more drops to 50.76. On the upside, there is a resistance level at 52.25. A further resistance level may holdings at 52.96. The Relative Strength Index (RSI) on the 14-day chart is 39.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.20%. Stochastics %K at 48.08% 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 2024-12-13, growing by 1.78 million shares to a total of 21.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 20.05 million shares. There was a rise of 8.14%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 08, 2024 when UBS resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $57.
