Constellation Brands Inc. Cl a Stock Slides 6.2%, Underperforms Peers

Dow Jones08-18

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Constellation Brands Inc. Cl A slid 6.2% to $130.56 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.5% to 7,745.06 and Dow Jones Industrial Average falling 0.5% to 53,459.78.

The stock's fall snapped a two-day winning streak.

Constellation Brands Inc. Cl A closed 23.6% short of its 52-week high of $171.00, which the company achieved on August 15th.

The stock underperformed when compared to some of its peers, as Brown-Forman Corp. Cl A fell 2.9% to $28.05, Brown-Forman Corp. Cl B fell 3.0% to $27.58, and Molson Coors Beverage Co. Cl A rose 1.33% to $41.75.

Trading volume totaled 2.6 million, compared to the 50-day average of 2.2 million.

Data source: Dow Jones Market Data, FactSet

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