Constellation Brands Sharply Lower Despite Q3 Beat And Raised Guidance

After 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.