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Updated · MarketWatch · May 6Constellation Brands Class A stock underperforms rivals despite gain
9 articles · Updated · MarketWatch · May 6
- The shares rose 1.66% to $152.29 on Wednesday, marking a second straight advance as the S&P 500 climbed 1.46% and the Dow gained 1.24%.
- Constellation still lagged Brown-Forman's Class A and B shares, which rose 2.61% and 2.74%, while Molson Coors Class A fell 6.16%.
- Even after the two-day rise, the stock closed 22.66% below its 52-week high of $196.91 reached on 16 May.
As consumer tastes turn from traditional alcohol, can Constellation Brands' new products truly offset the industry's long-term decline? With new drugs set to slash consumption, is the alcohol industry pivoting fast enough to survive a sobriety revolution?