Molson Coors Beverage (NYSE:TAP.A) Stock Price Up 4.6% – Here’s Why

Shares of Molson Coors Beverage (NYSE:TAP.A) rose 4.6% during mid-day trading on Wednesday. The company traded as high as $47.45 and last traded at $46.1340. 3,305 shares were traded during mid-day trading, an increase of 305% from the average daily volume of 816 shares. The stock had previously closed at $44.11.

Molson Coors Beverage Trading Up 4.6%

The business’s fifty day moving average price is $42.44 and its 200 day moving average price is $45.08.

Molson Coors Beverage (NYSE:TAP.A) last posted its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter. The business had revenue of $3.10 billion during the quarter.

About Molson Coors Beverage

Molson Coors Beverage Company is a global brewer and beverage company with roots in Molson, founded in Montreal in 1786, and Coors, founded in Colorado in 1873. The companies combined in 2005, creating one of the world’s major brewing businesses.

The company’s portfolio includes well-known beer brands such as Coors, Coors Light, Miller Lite, Molson Canadian, Carling, Blue Moon, Peroni Nastro Azzurro and Staropramen. It also develops and markets flavored alcoholic beverages, hard seltzers, non-alcoholic beer and other products designed to meet changing consumer preferences.

Molson Coors serves consumers through operations and distribution networks across North America, Europe and other international markets.