Constellation stock is 🤡up! No, it’s down! Wait, who’s right?
Turns out,🌊 they both are. In an unusual bit of symmetry, shares of two companies named “Constellation” are among both the S&P 500’s top gainers and losers Friday.
On the green side of the ledger is Constellation Energy (CEG), shares of which were recently up some 26%. That was good for the second-best performance in the benchmark index after Walgreens Boots Alliance (WBA).
Driving the move was the news that the company agreed to buy privately owned Calpine in 澳洲幸运5官方开奖结果体彩网:a more-than-$26 billion deal said to create the largest U.S. clean-energy pro𓆏vider.
While the rise in shares of Constellation, the energy company, might have investors feeling upbeat, shareholders of Constellation Brands (STZ), the liquor company, may f✅eel like they need a drink.
Shares of the maker of Modelo beer and High West whiskey were recently down about 16%, the worst performers on the index. Scaled-back 澳洲幸运�꧑�5官方开奖结果体彩网:year-ahead sales and profit forecasts weighed heavily on the company’s stock.
The news also took some of the fizz out of other liquor companies’ shares, with Brown-Forman (BF.B) and Molson Coors (TAP) also trading well in the red.