Molson Coors Beverage Company’s recent filing unveils that its Pres&CEO, MCBC EMEA&APAC Whitehead Philip M unloaded Company’s shares for reported $0.21 million on Mar 13 ’25. In the deal valued at $59.61 per share,3,491 shares were sold. As a result of this transaction, Whitehead Philip M now holds 9,653 shares worth roughly $0.57 million.
Barclays upgraded its Molson Coors Beverage Company [TAP] rating to an Equal weight from a an Underweight in a research note published on March 13, 2025; the price target was increased to $62 from $56. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early February from “a Sell” to “a Neutral”. BofA Securities also remained covering TAP and has increased its forecast on December 06, 2024 with a “Buy” recommendation from previously “Neutral” rating. Needham started covering the stock on December 06, 2024. It rated TAP as “a Buy”.
Price Performance Review of TAP
On Tuesday, Molson Coors Beverage Company [NYSE:TAP] saw its stock fall -0.72% to $58.94. Over the last five days, the stock has lost -2.42%. Molson Coors Beverage Company shares have risen nearly 2.83% since the year began. Nevertheless, the stocks have fallen -10.60% over the past one year. While a 52-week high of $69.18 was reached on 03/10/25, a 52-week low of $49.19 was recorded on 01/13/25. SMA at 50 days reached $57.22, while 200 days put it at $55.78.
Levels Of Support And Resistance For TAP Stock
The 24-hour chart illustrates a support level at 58.64, which if violated will result in even more drops to 58.34. On the upside, there is a resistance level at 59.37. A further resistance level may holdings at 59.79. The Relative Strength Index (RSI) on the 14-day chart is 48.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.92%. Stochastics %K at 12.15% indicates the stock is a buying.
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 2025-02-28, growing by 1.62 million shares to a total of 11.97 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 10.35 million shares. There was a rise of 13.5%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 25, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $64 price target.
