Constellation Brands stock reversed premarket losses
Shares of Constellation Brands Inc (NYSE:STZ) are 2.2% higher to trade at $168.52 at last check, reversing premarket losses as they brush off a fiscal first-quarter earnings and revenue miss. The spirits concern saw lower demand for alcoholic beverages and higher costs due to aluminum tariffs, both of which hurt profitability. On the analyst front, both Evercore ISI and Bernstein reiterated their "outperform" ratings on STZ today.
STZ is on track for its fourth-straight daily win, but is fresh off monthly and quarterly losses. The security is down 22.9% in 2025, and just marked a June 20, five-year low of $159.35. Though the stock has since bounced off those lows, the 20-day moving average looks ready to cap today's gains.
Options traders have been much more bullish than usual. This is per the security's 50-day call/put volume ratio of 2.57 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than 96% of readings from the past year.
Drilling down to today's options activity, 12,000 calls and 11,000 puts have already crossed the tape -- 5 times the intraday average volume. The most active contract is the weekly 7/3 175-strike call, where positions are being opened.