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Stock Charts AI Power Rank: 5.3
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Molson Coors Brewing Co Class B (TAP)
Industry: Beverages - Brewers
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, TAP has been trading in a range between $53.98 and $49.94 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
TAP is trading between resistance at $61.93 about 14% to the upside and support at $53.98 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $63.26, about a 16% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Molson Coors Brewing Co Class B $TAP entered a Green zone 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $67.6, a potential upside of 24.42% from the recent price of 54.33. The stock is trading 26.27% (potential upside) below its 52 week high of $68.60 and 10.45 % (potential downside) above its 52 week low of $49.19 - based on the recent price.
Company Summary
Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Five Trail, Hop Valley brands, Leinenkugel's, Madri, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands.
News
| Molson Coors Beverage Company Announces Regular Quarterly Dividend GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company declares quarterly dividend. Source: Business Wire Thu, 18 Jul 2024 17:52:00 -0400 Sentiment: Neutral |
| 3 Dirt-Cheap Stocks Trading at Half Their Worth If you're looking for cheap stocks to buy, Canada's national newspaper, The Globe and Mail, had an article from the Contra Guys, Benj Gallander and Ben Stadelmann. The duo run an investment newsletter, Contra the Heard, which focuses on undervalued and unloved stocks. Source: InvestorPlace Thu, 11 Jul 2024 07:30:00 -0400 Sentiment: Positive |
| Tap Into Molson Coors Stock: A Top Beverage Value Play Molson Coors Beverage Co. NYSE: TAP stock recently fell to 52-week lows as it struggled to maintain any bounce attempts. The negative trajectory took over its price action ever since releasing its Q1 2024 earnings report. Source: MarketBeat Wed, 10 Jul 2024 07:06:53 -0400 Sentiment: Neutral |
| Athletic Brewing valued at $800m after latest funding round Athletic Brewing, America's largest non-alcoholic beer maker, is now valued at $800 million following its latest financing round. It will deploy the $50 million of new capital raised to support long-term growth, including the purchase of a third US brewing facility and for global expansion. Source: Proactive Investors Wed, 10 Jul 2024 03:12:56 -0400 Sentiment: Positive |
| The 3 Most Undervalued Consumer Stocks to Buy in July 2024 The stock market keeps hitting new all-time highs. For investors in growth and technology stocks, the future has never looked brighter. Source: InvestorPlace Tue, 09 Jul 2024 06:00:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 68.6042 52 Week Low: 49.19 Beta: 0.822 50 Day MA: 52.3988 200 Day MA: 59.6239 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.939 Qtr Revenue Growth YOY: 0.107 Forward PE: 11.7233 Trailing PE: 10.7804