Constellation Brands Down 7% Pre-Market After Insider Selling

Constellation Brands

is trading lower pre-market following the disclosures of insider selling on Friday after the close. According to the SEC filings, Constellation Brands' CFO, Robert Ryder, and two other executives sold a total of 15,978 shares at approximately $21.50 per share. Constellation Brands, Inc. is a wine company of its core markets, which include the United States, Canada and New Zealand. Its market cap is slightly under $4.0 billion. Constellation Brands is currently trading at $19.35, down 7.02% pre-market.