As this happened, Piper Sandler downgraded its Mondelez International Inc [MDLZ] rating to a Neutral from a an Overweight in a research note published on January 31, 2025; the price target was decreased to $63 from $70. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Wells Fargo also remained covering MDLZ and has decreased its forecast on January 07, 2025 with a “an Equal weight” recommendation from previously “an Overweight” rating. Deutsche Bank revised its rating on December 12, 2024. It rated MDLZ as “a Hold” which previously was an “a Buy”.
Price Performance Review of MDLZ
On Tuesday, Mondelez International Inc [NASDAQ:MDLZ] saw its stock fall -2.25% to $56.12. Over the last five days, the stock has lost -1.39%. Mondelez International Inc shares have fallen nearly -6.04% since the year began. Nevertheless, the stocks have fallen -26.68% over the past one year. While a 52-week high of $76.69 was reached on 01/02/25, a 52-week low of $55.97 was recorded on 02/04/25. SMA at 50 days reached $60.21, while 200 days put it at $67.21.
Levels Of Support And Resistance For MDLZ Stock
The 24-hour chart illustrates a support level at 55.66, which if violated will result in even more drops to 55.19. On the upside, there is a resistance level at 56.81. A further resistance level may holdings at 57.49. The Relative Strength Index (RSI) on the 14-day chart is 38.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.94%. Stochastics %K at 37.14% indicates the stock is a holding.
How much short interest is there in Mondelez International Inc?
A steep rise in short interest was recorded in Mondelez International Inc stocks on 2025-01-15, growing by 8.83 million shares to a total of 22.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 13.75 million shares. There was a rise of 39.1%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 22, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $82 price target.
