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 5.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.77%, 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 2.29% in the last 1 week, and is up 5.19% 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 4.21% and the 50-Day Moving Average is 4.63%.The 200 Day SMA reached 10.39%. Molson Coors Brewing Company is up 1.62% in the last 3-month period. Year-to-Date the stock performance stands at 12.39%.
Molson Coors Brewing Company (NYSE:TAP): After opening at $102.74, the stock dipped to an intraday low of $102.72 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $104.45 and the buying power remained strong till the end. The stock closed at $104.21 for the day, a gain of 1.70% for the day session. The total traded volume was 1,439,924. The stocks close on the previous trading day was $102.47.
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.