Molson Coors Brewing Company (TAP) : Traders are bullish on Molson Coors Brewing Company (TAP) as it has outperformed the S&P 500 by a wide margin of 0.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.67%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.73% in the last 1 week, and is up 1.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.37% and the 50-Day Moving Average is 0.54%. Molson Coors Brewing Company (NYSE:TAP): stock turned positive on Friday. Though the stock opened at $99.34, the bulls momentum made the stock top out at $100.19 level for the day. The stock recorded a low of $98.87 and closed the trading day at $99.79, in the green by 0.22%. The total traded volume for the day was 791,024. The stock had closed at $99.57 in the previous days trading.
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 -20.3% . Institutional Investors own 77.3% of Molson Coors Brewing Company shares. During last six month period, the net percent change held by insiders has seen a change of -21.22%. Also, Equity analysts at the Brokerage firm Stifel Nicolaus maintains its rating on Molson Coors Brewing Company (NYSE:TAP). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Stifel Nicolaus raises the price target from $136 per share to $139 per share. The rating by the firm was issued on August 3, 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.