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Constellation Brands, Inc. (STZ) Stock: What Does the Chart Say Friday?

Friday, March 01, 2024 12:25 PM | InvestorsObserver Analysts

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Constellation Brands, Inc. (STZ) Stock: What Does the Chart Say Friday?

Overall market sentiment has been high on Constellation Brands, Inc. (STZ) stock lately. STZ receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Constellation Brands, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on STZ!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With STZ Stock Today?

Constellation Brands, Inc. (STZ) stock has fallen -0.06% while the S&P 500 is up 0.55% as of 12:15 PM on Friday, Mar 1. STZ is lower by -$0.16 from the previous closing price of $248.52 on volume of 727,178 shares. Over the past year the S&P 500 has gained 29.68% while STZ is up 13.05%. STZ earned $8.33 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 29.84.

More About Constellation Brands, Inc.

Constellation Brands is the largest 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 recently transitioned, 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 36% of Canopy Growth, a leading provider of medicinal and recreational cannabis products. Click Here to get the full Stock Report for Constellation Brands, Inc. stock.

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