Molson Coors Brewing Company (TAP) stock had a bullish inflow of $24.97 million worth of trades on uptick and an outflow of $18.88 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.32. The net money flow into the stock was $6.08 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $6.72 million. An inflow of $2.44 million block trade was recorded on downticks. $9.16 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 3.75 in favor of the bulls. However, Molson Coors Brewing Company (TAP) stock traded down $0.31 , and reached $97.72, a drop of -0.32% over the previous day. On a weekly basis, the stock is -0.82%, over the previous weeks close.
Also, In a research note released to the investors, Bryan Garnier upgrades its rating on Molson Coors Brewing Company (NYSE:TAP).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on July 8, 2016.
Molson Coors Brewing Company (NYSE:TAP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $98.35 and $97.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $100.80, notching a gain of 2.83% for the day. The total traded volume was 4,759,929 . The stock had closed at $98.03 on the previous day.
The stock has recorded a 20-day Moving Average of 0.82% and the 50-Day Moving Average is 0.81%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (Pres & CEO Molson Coors Intl) of Molson Coors Brewing Co, Anand Krishnan had sold 2,260 shares worth of $230,520 in a transaction dated June 1, 2016. In this transaction, 2,260 shares were sold at $102 per share.
Molson Coors Brewing Company (MCBC) is a holding Company that operates as a brewer. The Company has a portfolio of owned and partner brands, including Carling, Coors Light, Molson Canadian and Staropramen brands, as well as craft and beers, such as Blue Moon, Creemore Springs, Cobra and Sharps Doom Bar. The Company operates in four segments: Molson Coors Canada (MCC or Canada segment), operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment), operating in the United States (U.S.); Molson Coors Europe (Europe segment), operating in Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, Slovakia and the United Kingdom (U.K.), and Molson Coors International (MCI), operating in various other countries.