Large Outflow of Money Witnessed in Molson Coors Brewing Company

Molson Coors Brewing Company (TAP) : The total money flow in Molson Coors Brewing Company (TAP) was negative ($38.64 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $61.16 million. In comparison, the inflow of money into the stock on upticks was $22.53 million. The uptick to downtick ratio was 0.37. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $42.18 million. The value of transactions on uptick was $1.07 million. The negative money flow of ($41.11 million) confirms the selling in Molson Coors Brewing Company (TAP) on strength. The uptick to downtick ratio of block trades was 0.03. Molson Coors Brewing Company (TAP) gained $1.74 at $104.21, a gain of 1.7% over the previous days close. However, the stock registered 2.29% in the week.


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 -8.3% . Institutional Investors own 78.19% of Molson Coors Brewing Company shares. During last six month period, the net percent change held by insiders has seen a change of -23.82%.

In a related news,The (Chief People & Legal Officer) of Molson Coors Brewing Co, Walker Samuel D sold 43,404 shares at $99.93 on August 5, 2016. The Insider selling transaction had a total value worth of $4,337,362. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Molson Coors Brewing Company (NYSE:TAP): The stock opened at $102.74 and touched an intraday high of $104.45 on Friday. During the day, the stock corrected to an intraday low of $102.72, however, the bulls stepped in and pushed the price higher to close in the green at $104.21 with a gain of 1.70% for the day. The total traded volume for the day was 1,439,924. The stock had closed at $102.47 in the previous trading session.

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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.