Molson Coors Beverage Co. Cl B Stock Slips 4.7%, Underperforms Market

Dow Jones08-18

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

Shares of Molson Coors Beverage Co. Cl B shed 4.7% to $40.74 on what proved to be an all-around rough 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.

Molson Coors Beverage Co. Cl B closed 25.7% short of its 52-week high of $54.82, which the company achieved on February 12th.

The stock demonstrated a mixed performance when compared to some of its peers, as Constellation Brands Inc. Cl A fell 6.2% to $130.56, Brown-Forman Corp. Cl A fell 2.9% to $28.05, and Brown-Forman Corp. Cl B fell 2.96% to $27.58.

Trading volume totaled 2.7 million, compared to the 50-day average of 3.2 million.

Data source: Dow Jones Market Data, FactSet

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