Constellation Brands stock slips 1.36% and underperforms in strong market session
Updated
Updated · MarketWatch · May 8
Constellation Brands stock slips 1.36% and underperforms in strong market session
10 articles · Updated · MarketWatch · May 8
The shares closed at $148.21 on Friday as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average added 0.02% to 49,609.16.
It was Constellation Brands' second straight daily decline, leaving the stock 24.73% below its 52-week high of $196.91 reached on May 16.
Among peers, Brown-Forman Class A rose 0.57%, Brown-Forman Class B gained 1.10%, while Molson Coors Class A fell 4.36%, showing mixed beverage-sector performance.
Analysts see a massive upside for Constellation's stock, so why does the market keep selling it off?
As Gen Z's alcohol use plummets, can Constellation's new non-alcoholic bet truly replace its legacy beer profits?