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Molson Coors (TAP) Stock Trades Down, Here Is Why
Shares of beer company Molson Coors (NYSE:TAP) fell 3% in the morning session after concerns grew over the impact of new weight-loss drugs on alcohol sales, a factor cited by Piper Sandler when the firm lowered its price target on the stock. The investment firm cut its price target to $50 from $52, citing recent developments in GLP-1 drugs and other regulatory factors. These types of drugs, often used for weight loss, were believed to be negatively impacting alcohol consumption. This view was previously shared by Molson Coors' former CEO, Gavin Hattersley, who had noted the adverse effects of these drugs. The adjustment from the analyst firm highlighted the increasing caution regarding the potential for these drugs to dampen demand for alcoholic products.
Vital Farms (VITL) Stock Trades Up, Here Is Why
Shares of egg and butter company Vital Farms (NASDAQ:VITL) jumped 6.2% in the morning session after S&P Dow Jones Indices announced the company would be added to the S&P SmallCap 600 index. The news meant that index funds and exchange-traded funds (ETFs) that track the S&P SmallCap 600 needed to buy shares of Vital Farms to mirror the index's composition. This anticipated demand from passive investors often causes a stock's price to increase. According to the announcement, Vital Farms was set to officially join the index before trading began on December 11. The company replaced Heidrick & Struggles International in the index.
Why Are 1-800-FLOWERS (FLWS) Shares Soaring Today
Shares of e-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) jumped 18.2% in the morning session after the company announced the appointment of Alexander Zelikovsky as its new Chief Information Officer, which extended a rally from the previous trading session. This move continued the positive reaction from the prior day when the news was first released and the stock gained over 6%. Zelikovsky, a technology leader with over 25 years of experience, previously served as Executive Vice President and Global CIO at Pitney Bowes. His appointment is part of 1-800-FLOWERS.COM's strategy to accelerate its digital transformation under CEO Adolfo Villagomez. Zelikovsky will lead enterprise IT, data management, cybersecurity, and support for AI and digital commerce efforts. The market's sustained positive response suggested investor confidence in the new leadership to drive growth.
Why Sezzle (SEZL) Stock Is Up Today
Shares of buy-now-pay-later service Sezzle (NASDAQCM:SEZL) jumped 4.8% in the morning session after it was announced the company would be added to the S&P SmallCap 600 index. The disclosure came from S&P Dow Jones Indices, which confirmed that Sezzle was set to replace Vital Energy Inc. in the index. The change was scheduled to be effective before the opening of trading on December 15. Being added to a major index is often viewed positively by investors. This is because index funds and exchange-traded funds (ETFs) that track the S&P SmallCap 600 were then required to purchase Sezzle's shares to match the index's holdings. This activity often created additional buying pressure and demand for the stock.
Academy Sports (NASDAQ:ASO) Reports Sales Below Analyst Estimates In Q3 CY2025 Earnings
Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) fell short of the markets revenue expectations in Q3 CY2025 as sales rose 3% year on year to $1.38 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $6.11 billion at the midpoint. Its non-GAAP profit of $1.14 per share was 7.5% above analysts’ consensus estimates.
Stocks making big moves yesterday: Ralph Lauren, MGP Ingredients, Plug Power, Five Below, and Herbalife
Check out the companies making headlines yesterday:
Ollie's (NASDAQ:OLLI) Reports Q3 CY2025 In Line With Expectations But Stock Drops
Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) met Wall Streets revenue expectations in Q3 CY2025, with sales up 18.6% year on year to $613.6 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.65 billion at the midpoint. Its non-GAAP profit of $0.75 per share was 2.4% above analysts’ consensus estimates.
Campbell’s (NASDAQ:CPB) Q3 CY2025 Sales Beat Estimates
Packaged food company Campbell's (NASDAQ:CPB) reported Q3 CY2025 results topping the market’s revenue expectations, but sales fell by 3.4% year on year to $2.68 billion. Its non-GAAP profit of $0.77 per share was 5% above analysts’ consensus estimates.
G-III (NASDAQ:GIII) Misses Q3 CY2025 Sales Expectations, But Stock Soars 10.3%
Fashion conglomerate G-III (NASDAQ:GIII) fell short of the markets revenue expectations in Q3 CY2025, with sales falling 9% year on year to $988.6 million. The company’s full-year revenue guidance of $2.98 billion at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP profit of $1.90 per share was 17.9% above analysts’ consensus estimates.
AutoZone’s (NYSE:AZO) Q4 CY2025 Earnings Results: Revenue In Line With Expectations
Auto parts and accessories retailer AutoZone (NYSE:AZO) met Wall Streets revenue expectations in Q4 CY2025, with sales up 8.2% year on year to $4.63 billion. Its GAAP profit of $31.04 per share was 4.2% below analysts’ consensus estimates.