Published on 10 Nov 2022 on Market Watch
Constellation Brands Inc. Cl A stock rises Thursday, still underperforms market
Shares of Constellation Brands Inc. Cl A rallied 1.77% to $244.03 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 5.54% to 3,956.37 and the Dow Jones Industrial Average rising 3.70% to 33,715.37. The stock's rise snapped a two-day losing streak. Constellation Brands Inc. Cl A closed $17.50 below its 52-week high ($261.53), which the company achieved on April 21st.
The stock underperformed when compared to some of its competitors Thursday, as Diageo PLC ADR rose 5.81% to $176.62, Brown-Forman Corp. Cl B rose 5.12% to $69.84, and Boston Beer Co. Cl A rose 6.56% to $369.82. Trading volume (1.6 M) eclipsed its 50-day average volume of 989,293.