Molson Coors Brewing Company (TAP) : Investors lapped up stocks on upticks to the tune of $25.87 million in the Tuesdays trading session. The trading value on downticks was comparatively at $19.17 million and the uptick to downtick ratio of 1.35 indicates continuous buying by the bulls. The net money flow into the stock was $6.7 million. Upticks saw transactions worth $5.14 clearly indicating buying by large investors. The total money flow for block trades stood at $5.14 million, which is a positive for the stock in the long-term. Molson Coors Brewing Company (TAP) fell $0.22 during the day at $103.11, a drop of -0.21% over the previous days close. However, for the week, the stock is 1.21%, compared to the previous week.
Also, Stifel Nicolaus maintains its rating on Molson Coors Brewing Company (NYSE:TAP). The global brokerage major raises the current price target from $136 per share to $139 per share. Analysts at the Stifel Nicolaus have a current rating of Buy on the shares. The rating by the firm was issued on August 3, 2016.
Shares of Molson Coors Brewing Company rose by 3.39% in the last five trading days and 2.65% for the last 4 weeks. Molson Coors Brewing Company is up 1.74% in the last 3-month period. Year-to-Date the stock performance stands at 11.2%.
Molson Coors Brewing Company (NYSE:TAP): The stock opened at $103.41 on Tuesday but the bulls could not build on the opening and the stock topped out at $103.41 for the day. The stock traded down to $102.33 during the day, due to lack of any buying support eventually closed down at $103.11 with a loss of -0.21% for the day. The stock had closed at $103.33 on the previous day. The total traded volume was 1,412,324 shares.
In a related news, The Securities and Exchange Commission has divulged that Walker Samuel D, (Chief People & Legal Officer) of Molson Coors Brewing Co, had unloaded 43,404 shares at an average price of $99.93 in a transaction dated on August 5, 2016. The total value of the transaction was worth $4,337,362.
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.