In a filing, Molson Coors Beverage Company revealed its Chief Financial Officer Joubert Tracey unloaded Company’s shares for reported $0.17 million on Feb 12 ’24. In the deal valued at $60.37 per share,2,771 shares were sold. As a result of this transaction, Joubert Tracey now holds 60,538 shares worth roughly $3.34 million.
BofA Securities upgraded its Molson Coors Beverage Company [TAP] rating to a Buy from a a Neutral in a research note published on December 06, 2024; the price target was increased to $70 from $57. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Exane BNP Paribas began covering TAP with “Neutral” recommendation on November 25, 2024. Wells Fargo revised its rating on November 08, 2024. It rated TAP as “an Overweight” which previously was an “an Underweight”.
Price Performance Review of TAP
On Friday, Molson Coors Beverage Company [NYSE:TAP] saw its stock jump 0.45% to $55.23. Over the last five days, the stock has gained 5.32%. Molson Coors Beverage Company shares have fallen nearly -3.65% since the year began. Nevertheless, the stocks have fallen -12.69% over the past one year. While a 52-week high of $69.18 was reached on 01/02/25, a 52-week low of $49.19 was recorded on 01/13/25. SMA at 50 days reached $59.01, while 200 days put it at $56.35.
Levels Of Support And Resistance For TAP Stock
The 24-hour chart illustrates a support level at 54.80, which if violated will result in even more drops to 54.37. On the upside, there is a resistance level at 55.59. A further resistance level may holdings at 55.95. The Relative Strength Index (RSI) on the 14-day chart is 41.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.58%. Stochastics %K at 44.22% indicates the stock is a holding.
How much short interest is there in Molson Coors Beverage Company?
A steep rise in short interest was recorded in Molson Coors Beverage Company stocks on 2024-12-31, growing by 0.47 million shares to a total of 9.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.58 million shares. There was a rise of 5.21%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 08, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $56.
