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Is Constellation Brands, Inc. (STZ) a Stock to Watch After Gaining 1.13% This Week?

Monday, December 04, 2023 02:43 PM | InvestorsObserver Analysts

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Is Constellation Brands, Inc. (STZ) a Stock to Watch After Gaining 1.13% This Week?

The market has been high on Constellation Brands, Inc. (STZ) stock recently. STZ gets a Bullish score 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With STZ Stock Today?

Constellation Brands, Inc. (STZ) stock is trading at $240.69 as of 2:30 PM on Monday, Dec 4, a drop of -$1.26, or -0.52% from the previous closing price of $241.95. The stock has traded between $240.32 and $243.37 so far today. Volume today is low. So far 390,218 shares have traded compared to average volume of 1,062,242 shares. To screen for more stocks like Constellation Brands, Inc. click here.

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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