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Craft Brew Alliance (BREW) in Focus: Stock Moves 6.7% Up
Craft Brew Alliance, Inc. was a big mover last session, as the company saw its shares rise almost 7% on the day. Shares gained after the company announced a severance pay policy in case there is a buyout. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the uptrend for the company since May 19, as the stock is now up over 38%.
The company has seen one negative estimate revision in the last 30 days and the Zacks Consensus Estimate also moved lower, suggesting more trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Craft Brew Alliance currently carries a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
A better-ranked stock in the beverages-alcohol space is Molson Coors Brewing Company (TAP - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is BREW going up? Or down? Predict to see what others think: Up or Down
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