Large Inflow of Money Detected in Constellation Brands Inc

Constellation Brands Inc (STZ) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.28. The total value of inflow transactions on upticks was $8.6 million, whereas, the total value of outflow trades on downticks was $6.7 million. The total money flow was $1.9 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.74 million. The total value of the trades done on upticks was $1.74 million. Constellation Brands Inc (STZ) was trading with a -0.05% change over previous days close. It fell $0.08 during the day and reached $163.93. The stock was 0.52% compared to the previous weeks close.


Also, In a research note released to the investors, Citigroup maintains its rating on Constellation Brands Inc (NYSE:STZ).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $162 per share to $168 per share. The rating by the firm was issued on April 12, 2016.

Constellation Brands Inc (NYSE:STZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $164.37 and $163.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $166.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $166.34, notching a gain of 1.42% for the day. The total traded volume was 1,263,248 . The stock had closed at $164.01 on the previous day.

The stock has recorded a 20-day Moving Average of 3.19% and the 50-Day Moving Average is 5.03%. In a related news, The Securities and Exchange Commission has divulged that Hetterich F Paul, officer (Exec. Vice President) of Constellation Brands, Inc., had unloaded 10,000 shares at an average price of $164.76 in a transaction dated on July 11, 2016. The total value of the transaction was worth $1,647,600.

Constellation Brands, Inc. is an international beverage alcohol company. The Companys operating segments include Beer, Wine and Spirits and Corporate Operations and Other. The Companys wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States. The Companys customers include wholesale distributors, retailers, on premise locations and government alcohol beverage control agencies. In the United States, the Company operates 19 wineries using varieties of grapes grown in the Napa, Sonoma, Monterey and San Joaquin regions of California. It also operates eight wineries in Canada, four wineries in New Zealand and five wineries in Italy. The Companys Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge, Alberta.

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