As this happened, Wells Fargo downgraded its Mondelez International Inc [MDLZ] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Redburn Atlantic began covering MDLZ with “Buy” recommendation on October 22, 2024. Goldman started covering the stock on August 12, 2024. It rated MDLZ as “a Buy”.
Price Performance Review of MDLZ
On Tuesday, Mondelez International Inc [NASDAQ:MDLZ] saw its stock jump 1.66% to $57.10. Over the last five days, the stock has lost -1.92%. Mondelez International Inc shares have fallen nearly -4.40% since the year began. Nevertheless, the stocks have fallen -21.54% over the past one year. While a 52-week high of $77.20 was reached on 01/02/25, a 52-week low of $55.97 was recorded on 01/13/25. SMA at 50 days reached $62.73, while 200 days put it at $67.94.
Levels Of Support And Resistance For MDLZ Stock
The 24-hour chart illustrates a support level at 56.35, which if violated will result in even more drops to 55.60. On the upside, there is a resistance level at 57.48. A further resistance level may holdings at 57.86. The Relative Strength Index (RSI) on the 14-day chart is 30.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.08%. Stochastics %K at 10.53% indicates the stock is a buying.
How much short interest is there in Mondelez International Inc?
A steep rise in short interest was recorded in Mondelez International Inc stocks on 2024-12-31, growing by 9.05 million shares to a total of 20.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 11.34 million shares. There was a rise of 44.39%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 31, 2024 when DA Davidson resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $75.
