Large Outflow of Money Witnessed in Molson Coors Brewing Company

Molson Coors Brewing Company (TAP) : Net money flow in Molson Coors Brewing Company (TAP) was negative ($14.4 million) and the inflow of money on uptick was $136.46 million, whereas, the outflow of money on downticks amounted to $150.86 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.9. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $44.79 million. On the other hand, the total value of block trades done on downticks was $61.99 million. The ratio of uptick to downtick block trades was 0.72. The money flow in block trades was negative ($17.2). Molson Coors Brewing Company (TAP) gained $2.08 cent during the day and reached $109.61, a gain of 1.93% over the previous day.


Shares of Molson Coors Brewing Company rose by 4.24% in the last five trading days and 6.08% for the last 4 weeks. Molson Coors Brewing Company is up 11.8% in the last 3-month period. Year-to-Date the stock performance stands at 18.21%.

Molson Coors Brewing Company (TAP) : 3 brokerage houses believe that Molson Coors Brewing Company (TAP) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Molson Coors Brewing Company (NYSE:TAP): The stock opened at $110.61 and touched an intraday high of $111.24 on Wednesday. During the day, the stock corrected to an intraday low of $108.5, however, the bulls stepped in and pushed the price higher to close in the green at $109.61 with a gain of 1.93% for the day. The total traded volume for the day was 5,446,761. The stock had closed at $107.53 in the previous trading session.

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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