Overall market sentiment has been high on Constellation Brands, Inc. (STZ) stock lately. STZ receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
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 is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 risen 0.57% while the S&P 500 is lower by -0.03% as of 2:58 PM on Friday, Dec 2. STZ is higher by $1.48 from the previous closing price of $258.91 on volume of 814,454 shares. Over the past year the S&P 500 is lower by -9.67% while STZ is higher by 16.67%. STZ lost -$0.10 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for 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.
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