Constellation Brands Inc (STZ) : Traders are bullish on Constellation Brands Inc (STZ) as it has outperformed the S&P 500 by a margin of 2.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.17%, 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 2.8% in the last 1 week, and is up 9.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Constellation Brands Inc (NYSE:STZ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $165.58 and $165.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $168.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $167.66, notching a gain of 1.37% for the day. The total traded volume was 835,343 . The stock had closed at $165.39 on the previous day.
The stock has recorded a 20-day Moving Average of 3.26% and the 50-Day Moving Average is 5.77%. Constellation Brands Inc. is up 8.55% in the last 3-month period. Year-to-Date the stock performance stands at 18.25%.
Constellation Brands, Inc. is an international beverage alcohol company. The Companys operating segments include Beer, Wine and Spirits and Corporate Operations and Other. The Companys wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States. The Companys customers include wholesale distributors, retailers, on premise locations and government alcohol beverage control agencies. In the United States, the Company operates 19 wineries using varieties of grapes grown in the Napa, Sonoma, Monterey and San Joaquin regions of California. It also operates eight wineries in Canada, four wineries in New Zealand and five wineries in Italy. The Companys Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge, Alberta.