Why Boston Beer Stock Fell 11% This Week

Demitri Kalogeropoulos, The Motley Fool

July 1, 2022 at 9:40 a.m.·2 min read

Shares of Boston Beer (NYSE: SAM) lagged a falling market this week. The stock sank 11% through Thursday trading compared to a 3.2% slump in the S&P 500, according to data provided by S&P Global Market Intelligence. The drop added to big declines for the owner of the Sam Adams and Truly beverage brands, as shares are down 40% so far in 2022. Rival Constellation Brands said this week that demand accelerated in the most recent quarter thanks to the popularity of imported brands like Corona, Modelo, and Pacifico.

Engadget
PUBG will take a nostalgia-infused trip back to its first map in May
PUBG: Battlegrounds is somehow old enough to evoke nostalgia. The pioneering battle royale game will recreate the old-school battlefield from the game’s inception for a limited two-week run in May and June.
a few seconds ago
Yahoo Canada Style
'He was basically at death's door': Canadian teen poisoned by carbon monoxide on the job. What to know about the 'silent killer'
Wil Krotenko was working at his local Co-op grocery store when he started feeling "lightheaded and dizzy."
a few seconds ago
The Independent
Everton vs Liverpool LIVE: Premier League latest score and goal updates as Jarrad Branthwaite scrambles in
Can Everton dent Liverpool’s Premier League title bid in what is Jurgen Klopp’s final trip to Goodison Park?
3 minutes ago
Autoblog
Report: Here's how far used Tesla prices have fallen in the past year
CarGurus data showed that all Tesla models saw deep double-digit declines in used pricing since 2023.
3 minutes ago
Associated Press
Ohio lawmakers negotiate to assure Biden makes the state's fall ballot
Republican legislative leaders in Ohio say they are negotiating with Democrats to assure President Joe Biden appears on the state's November ballot, but the exact shape of the solution remains murky. GOP Ohio Senate President Matt Huffman told reporters Wednesday that productive discussions are under way between both legislative chambers and both political parties about how to fix the fact that the Democratic National Convention, where Biden is to be formally nominated, falls after Ohio's ballot deadline of Aug. 7.
3 minutes ago
The Independent
Girl arrested on suspicion of attempted murder after teachers and pupil stabbed at Welsh school
Teenage girl arrested and three hospitalised as Ysgol Dyffryn Aman school put in lockdown
4 minutes ago
The Independent
Manhattan prosecutors reveal election crime driving Trump’s hush money case
The former president faces felony charges based on misdemeanour crimes. The DA’s office is beginning to show what elevates the hush money scheme to an election interference plot
4 minutes ago
The Independent
Riot police arrest students as Palestine protests spread to colleges in Texas and California
Protests relating to the Israel-Hamas war have been sprouting up at campuses across the country
4 minutes ago
The Telegraph
Asylum seekers are pouring into Ireland from UK, says minister
More than 80 per cent of asylum seekers in Ireland cross into the country from the UK, an Irish government minister has said.
5 minutes ago
Investor's Business Daily
Magnificent Seven Stocks: Nvidia Stock Slides; Tesla Soars On Earnings; Meta Earnings Next
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to watch in today's stock market.
5 minutes ago
The Independent
Spend more on Nato to fight Putin, Sunak tells EU leaders after his £75bn defence boost
World ‘now more dangerous now than at any moment since the Cold War’ says prime minister
5 minutes ago
People
This Is Why Drumstick Ice Cream Doesn't Melt, According to an Engineer
The iconic treats have been trending on TikTok, where users are wondering why they melt so slowly
6 minutes ago
USA TODAY
'We should be at the table' say Alaskan indigenous tribes impacted by commercial fisheries
Fishing rights in Alaskan waters is a centuries-old tradition for local communities now impacted by commerical trawlers
7 minutes ago
Reuters
Canadian dollar weakens as soft data supports rate cut bets
The Canadian dollar weakened against its U.S. counterpart on Wednesday as domestic data showed a surprise decline in retail sales, bolstering expectations the Bank of Canada would begin cutting interest rates in the coming months. Canadian retail sales decreased 0.1% in February, led by a drop in sales at gasoline stations and fuel vendors. Preliminary estimates for March showed that retail sales were flat and manufacturing sales declined 2.8%.
7 minutes ago
People
Courteney Cox Recalls Johnny McDaid Breaking Up with Her in Therapy: 'I Was So Shocked'
"So three years in, we broke up and it was really intense. We broke up in therapy. I didn't know it was coming, whether I should have or not," Cox admitted
7 minutes ago
The Independent
Pro-Palestine protests spread to more colleges with Texas students arrested and encampment erected at USC: Live
Over 100 students at NYU and Columbia have been arrested this past week over pro-Palestinian protest encampments
8 minutes ago
TechCrunch
JioCinema launches 35-cent premium tier, stepping up rivalry with Netflix and Prime Video
JioCinema introduced new monthly subscription plan on Thursday, with the lowest tier costing just 35 cents. The revamp in the pricing strategy comes as the market-leading service seeks to exert greater pressure on rivals including Netflix and Prime Video. The service -- backed by Asia's richest man, Mukesh Ambani -- introduced two monthly tiers: Rs 89 ($1), featuring support for four simultaneous screen access, and Rs 29, with single-screen access.
8 minutes ago
Associated Press
Olympic tennis champion Belinda Bencic announces the birth of her daughter
Olympic tennis champion Belinda Bencic has become a mom for the first time, she announced Wednesday. The 27-year-old Bencic and her partner Martin Hromkovič, who is also her fitness coach, posted a photograph on their Instagram accounts with the message “Bella, our love” and Tuesday's date that she was born. The replies included congratulations from top-ranked Iga Swiatek and Viktorija Golubic, who played doubles with Bencic when they won silver for Switzerland at the Tokyo Olympics placed in 2021.
9 minutes ago
Reuters
CANADA FX DEBT-Canadian dollar weakens as soft data supports rate cut bets
The Canadian dollar weakened against its U.S. counterpart on Wednesday as domestic data showed a surprise decline in retail sales, bolstering expectations the Bank of Canada would begin cutting interest rates in the coming months. Canadian retail sales decreased 0.1% in February, led by a drop in sales at gasoline stations and fuel vendors. Preliminary estimates for March showed that retail sales were flat and manufacturing sales declined 2.8%.
9 minutes ago
The Guardian
Taylor Swift hits 1bn Spotify streams in a week with Tortured Poets Department
Swift’s new album breaks another streaming record after already becoming the platform’s most-streamed album in a day
10 minutes ago

Latest Stories