Constellation Brands Inc. (STZ) Rises 6.25% for July 01

Equities Staff  |

Among the biggest risers on the S&P 500 on Wednesday July 01 was Constellation Brands Inc. ($STZ), popping some 6.25% to a price of $185.88 a share with some 3.45 million shares trading hands.

Starting the day trading at $182.93, Constellation Brands Inc. reached an intraday high of $189.92 and hit intraday lows of $182.04. Shares gained $10.93 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 192.94 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $104.28 to $212.00.

Constellation Brands Inc is the multi-category alcohol supplier in the U.S. The business is anchored by a portfolio of Mexican beer trademarks, including Corona and Modelo, for which it acquired exclusive and perpetual U.S. ownership from AB InBev. The latter had to divest these rights due to antitrust mandates as it consummated its 2013 acquisition of dominant Mexican brewer, Grupo Modelo. Constellation's wine/spirits business has been in flux, and it is currently divesting several lower-margin assets, including myriad wine brands and its Ballast Point craft beer brand. The firm imports most products after manufacturing them abroad, going to market through independent wholesalers. It owns 37% of Canopy Growth, a leading provider of medicinal and recreationally legal cannabis products.

Constellation Brands Inc. has its corporate headquarters located in Victor, NY and employs 9,000 people. Its market cap has now risen to $35.86 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 2.96, and P/FCF n/a.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Constellation Brands Inc., check out Stock Valuation Analysis tool for STZ.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

To get more information on Constellation Brands Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: STZ’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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