Molson Coors Brewing Company (TAP) has been under a strong bear grip, hence the stock is down -2.9% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.56% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.19% in the last 1 week, and is up 3.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Molson Coors Brewing Company (NYSE:TAP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.43 and $100.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $102.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.67, notching a gain of 1.54% for the day. The total traded volume was 1,647,298 . The stock had closed at $100.13 on the previous day.
The stock has recorded a 20-day Moving Average of 1.83% and the 50-Day Moving Average is 1.62%. Molson Coors Brewing Company is up 6.74% in the last 3-month period. Year-to-Date the stock performance stands at 9.2%.
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.