Molson Coors Class B stock rises for second straight day
Updated
Updated · MarketWatch · May 6
Molson Coors Class B stock rises for second straight day
12 articles · Updated · MarketWatch · May 6
The shares gained 1.35% to $42.76 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow added 1.24% to 49,910.59.
Despite the advance, the stock remained 25.73% below its 52-week high of $57.57 reached on May 20 and lagged rivals including Constellation Brands and Brown-Forman.
Trading volume was 2.8 million shares, about 304,650 below its 50-day average of 3.1 million, indicating the gain came on lighter-than-usual activity.
Analysts call Molson Coors undervalued and a prime takeover target. Is the company a hidden gem or a classic value trap?
With beer sales falling, can Molson Coors’ big bet on new drinks truly revive its fortunes against powerful rivals?
As younger generations ditch beer, how is Molson Coors revamping its strategy to capture their attention and dollars?