Molson Coors Brewing Company (TAP) : Traders are getting increasingly bearish on Molson Coors Brewing Company (TAP), as can be seen in the addition of short positions from 4,059,970 on Jul 29, 2016, to 4,233,086 on August 15, 2016. The net change in shorts is 173,116 shares, an increase of 4.3%. 3 days remain before the expiry. The 2.5% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,479,617. The short interest information was released on Wednesday Aug 24th after the market close.
Molson Coors Brewing Company (NYSE:TAP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.15 and $100.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $100.65, notching a gain of 0.52% for the day. The total traded volume was 1,228,540 . The stock had closed at $100.13 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Walker Samuel D, (Chief People & Legal Officer) of Molson Coors Brewing Co, had unloaded 43,404 shares at an average price of $99.93 in a transaction dated on August 5, 2016. The total value of the transaction was worth $4,337,362.
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.