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.
Berenberg initiated its Molson Coors Beverage Company [TAP] rating to a Buy in a research note published on April 02, 2025; the price target was $86.90. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “an Equal weight”. Citigroup also remained covering TAP and has increased its forecast on February 05, 2025 with a “Neutral” recommendation from previously “Sell” rating. BofA Securities revised its rating on December 06, 2024. It rated TAP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TAP
On Tuesday, Molson Coors Beverage Company [NYSE:TAP] saw its stock fall -1.90% to $59.51. Over the last five days, the stock has gained 1.71%. Molson Coors Beverage Company shares have risen nearly 3.82% since the year began. Nevertheless, the stocks have fallen -10.30% over the past one year. While a 52-week high of $66.87 was reached on 03/10/25, a 52-week low of $49.19 was recorded on 01/13/25. SMA at 50 days reached $59.36, while 200 days put it at $56.65.
Levels Of Support And Resistance For TAP Stock
The 24-hour chart illustrates a support level at 58.81, which if violated will result in even more drops to 58.10. On the upside, there is a resistance level at 60.56. A further resistance level may holdings at 61.61. The Relative Strength Index (RSI) on the 14-day chart is 47.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.39%. Stochastics %K at 44.12% 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 2025-03-31, dropping by -0.99 million shares to a total of 10.98 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 11.97 million shares. There was a decline of -8.99%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 06, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $72 price target.
