Molson Coors Brewing Company (NYSE:TAP) dropped -2.03% or -2.11 points to trade at $101.58 per share. As per the latest trading data available, the net money flow stood at $21.19 million as the shares received $57.06 million in upticks and gave away $35.87 million in downticks. The final up/down ratio was at 1.59. On a weekly basis, the stock has seen a change of -0.87%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 18.85. $20.78 million was the inflow in upticks and $1.1 million was the outflow in downticks. For the block trade, the net money flow was $19.68 million.
Currently the company Insiders own 2.53% of Molson Coors Brewing Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.58% . Institutional Investors own 79.42% of Molson Coors Brewing Company shares. During last six month period, the net percent change held by insiders has seen a change of -20.12%. On the companys insider trading activities, Anand Krishnan, (Pres & CEO Molson Coors Intl) of Molson Coors Brewing Co, unloaded 2,260 shares at an average price of $102 on June 1, 2016. The total amount of the transaction was worth $230,520, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Molson Coors Brewing Company (NYSE:TAP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.11 points or 2.03% at $101.58 with 2,111,180 shares getting traded. Post opening the session at $103.22, the shares hit an intraday low of $101.5 and an intraday high of $104.12 and the price was in this range throughout the day. The company has a market cap of $21,808 million and the number of outstanding shares have been calculated to be 214,684,820 shares. The 52-week high of Molson Coors Brewing Company (NYSE:TAP) is $104.15 and the 52-week low is $63.91.
Many analysts have stated their opinion on the company shares. Citigroup initiates coverage on Molson Coors Brewing Company (NYSE:TAP) . The global brokerage major announces a current price target of $97 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on April 8, 2016.
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.