Constellation Brands, Inc. STZ shares are trading higher by $12 (7 percent) at $173.40 in Thursday's session. The catalyst for the rally is a Q4 EPS beat of $0.12 along with a $4 million beat for sales.
After a much higher open, it had only a $0.09 to $169.31 before continuing its move higher. The continuation rally has easily surpassed its former all-time high from October of $173.55, so far reaching $175.43.
Today's price action is taking place on much higher than average volume. With just under five hours remaining in the session, over 3 million shares have changed hands compared to its 20-day average volume of 1.36 million.
In order to post a new all-time closing high, it will need to end the session above its October 10 close of $171.24.
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