Large Inflow of Money Witnessed in Molson Coors Brewing Company

Molson Coors Brewing Company (TAP) : On Thursday, The money flowed into the Molson Coors Brewing Company (TAP) stock with an uptick to downtick ratio was recorded at 1.22. Transactions worth $11.26 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $9.22 million. The total money flow into the stock was $2.05 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $2.03 million of block transactions on upticks. The total money flow in block trades was $2.03 million. In terms of price action, Molson Coors Brewing Company (TAP) traded down $0.92 during the session at $100.35. Compared to the previous days closing, the stock was down only by -0.91%. For the week, the stock is -0.39%, over previous weeks closing.


Molson Coors Brewing Company (TAP) : 3 investment research analysts covering Molson Coors Brewing Company (TAP) have an average price target of $116 for the near short term. The highest target price given by the Brokerage Firm to the stock is $136 and the lowest target is $100 for the short term. Analysts expect the variance to be within $18.33 of the average price. The stock has recorded a 20-day Moving Average of 0.83% and the 50-Day Moving Average is 0.49%.

Molson Coors Brewing Company (NYSE:TAP): The stock opened at $101.09 on Thursday but the bulls could not build on the opening and the stock topped out at $101.51 for the day. The stock traded down to $99.62 during the day, due to lack of any buying support eventually closed down at $99.85 with a loss of -1.40% for the day. The stock had closed at $101.27 on the previous day. The total traded volume was 1,153,211 shares.

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.

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