Technology

Constellation Brands (STZ) Catches Eye: Stock Jumps 6.5%

Constellation Brands, Inc. STZ was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 12.2% in the past one-month time frame.

The upmove came after the company reported better-than-expected fourth-quarter fiscal 2019 results.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Constellation Brands currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.  

Constellation Brands Inc Price

Constellation Brands Inc Price | Constellation Brands Inc Quote

Investors interested in the Beverages - Alcohol industry may consider Carlsberg A/S CABGY, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is STZ going up? Or down? Predict to see what others think:Up or Down

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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