Constellation Brands Inc. ($STZ) Stock Forecast: Down 5.0% Today

What is Constellation Brands Inc.?

Constellation Brands Inc. (NYSE: STZ) operates in the consumer and retail sector as a prominent beverage alcohol company. Recently, the stock faced a notable bearish movement in the market.

Why is Constellation Brands Inc. going down?

STZ stock is down 5.0% on Nov 26, 2024 15:27

• The bearish movement in Constellation Brands' stock (STZ) could be attributed to potential concerns or a lack of positive outlook discussed during a recent event.
• Negative reactions from investors to information shared by Garth Hankinson, the Executive Vice President and CFO, may have triggered a sell-off of the stock.
• Uncertainties or challenges highlighted during the event might have affected market sentiment towards Constellation Brands, resulting in a downward trend in the stock price.

STZ Price Chart

STZ Technical Analysis

STZ News

Constellation Brands to Present at the 2024 Morgan Stanley Global Consumer and Retail Conference on December 3, 2024

ROCHESTER, N.Y., Nov. 25, 2024 ( GLOBE NEWSWIRE ) -- Constellation Brands, Inc. ( NYSE: STZ ) , a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2024 Morgan Stanley Global ...

https://www.globenewswire.com/news-release/2024/11/25/2986795/0/en/Constellation-Brands-to-Present-at-the-2024-Morgan-Stanley-Global-Consumer-and-Retail-Conference-on-December-3-2024.html

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Constellation Brands Inc. Price History

26.10.2024 - STZ Stock was down 5.0%

• The bearish movement in Constellation Brands' stock (STZ) could be attributed to potential concerns or a lack of positive outlook discussed during a recent event.
• Negative reactions from investors to information shared by Garth Hankinson, the Executive Vice President and CFO, may have triggered a sell-off of the stock.
• Uncertainties or challenges highlighted during the event might have affected market sentiment towards Constellation Brands, resulting in a downward trend in the stock price.

03.06.2024 - STZ Stock was down 0.7%

• Despite reporting a surge in EPS to $4.78 in Q1 FY 2025, Constellation Brands' stock experienced a bearish movement, possibly due to revenue slightly missing estimates.
• The initial excitement from an earnings beat that led to a 3% stock gain was short-lived as investors may have focused on the revenue miss.
• The rise in the stock price driven by the beer segment's strong performance might have been overshadowed by concerns about overall sales growth missing analyst consensus.
• The announcement of quarterly cash dividend payouts could not offset the market's reaction to the revenue miss, contributing to the bearish movement in STZ stock.