Molson Coors Beverage Co. Cl B Stock Slips 4.1%, Underperforms Peers

Dow Jones
09/01

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

Shares of Molson Coors Beverage Co. Cl B slipped 4.1% to $39.76 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.3% to 7,686.14 and Dow Jones Industrial Average falling 0.7% to 53,185.90.

This was the stock's third consecutive day of losses.

Molson Coors Beverage Co. Cl B closed 27.5% short of its 52-week high of $54.82, which the company achieved on February 12th.

The stock underperformed when compared to some of its peers, as Constellation Brands Inc. Cl A fell 0.1% to $130.62, Brown-Forman Corp. Cl A fell 1.8% to $27.24, and Brown-Forman Corp. Cl B fell 2.39% to $26.57.

Trading volume totaled 4.8 million, compared to the 50-day average of 3.0 million.

Data source: Dow Jones Market Data, FactSet

 

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