Diageo Stock – Constellation Brands Inc. Cl A stock rises Thursday, still underperforms market
Shares of Constellation Brands Inc. Cl A
inched 0.54% higher to $231.00 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 1.22% to 4,112.50 and the Dow Jones Industrial Average
rising 1.29% to 34,021.45. The stock’s rise snapped a four-day losing streak. Constellation Brands Inc. Cl A closed $13.75 below its 52-week high ($244.75), which the company reached on May 3rd.
The stock underperformed when compared to some of its competitors Thursday, as Diageo PLC ADR
rose 0.96% to $186.34, Brown-Forman Corp. Cl B
rose 1.72% to $77.48, and Boston Beer Co. Cl A
rose 1.23% to $1,067.16. Trading volume (1.8 M) eclipsed its 50-day average volume of 1.0 M.