Constellation Brands, Inc. STZ shares are trading lower by $9.00 at $148.90. In the case of the good news not being good enough, the issue trading is in the red despite a solid Q3 beat for EPS and revenues, along with raised FY 2017 guidance.
Market News and Data brought to you by Benzinga APIsAfter a lower open, it managed a brief bounce to $151.35 before continuing its move lower. In the first 10 minutes of the session, it fell all the way to $144.00 before mounting a rebound. That low matches its December 2 low to the penny.
Since reaching that depressed level, it has returned to and consolidating at the $149.00 area.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in