Boston Beer Company (The) (SAM) : Traders are bullish on Boston Beer Company (The) (SAM) as it has outperformed the S&P 500 by a margin of 10.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.19% in the last 1 week, and is up 18.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Boston Beer Company (The) (NYSE:SAM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $172.00 and $170.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $195.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $190.16, notching a gain of 15.43% for the day. The total traded volume was 1,153,009 . The stock had closed at $164.74 on the previous day.
The stock has recorded a 20-day Moving Average of 14.03% and the 50-Day Moving Average is 18.61%. Boston Beer Co. Inc. is up 19.29% in the last 3-month period. Year-to-Date the stock performance stands at -5.82%.
The Boston Beer Company, Inc. (Boston Beer) is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in international markets. As of December 31, 2014, Boston Beer sold approximately 4.1 million barrels of its products. As of December 31, 2014, the Company sold over sixty beers under the Samuel Adams or the Sam Adams brand names, eleven flavored malt beverages under the Twisted Tea brand name, ten hard cider beverages under the Angry Orchard brand name, and over twenty beers under four of the brand names of its subsidiary, Alchemy & Science. Boston Beer produces malt beverages and hard cider at the Company-owned breweries and under contract arrangements at other brewery locations.