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Why Boston Beer Stock Fell 11% This Week

Demitri Kalogeropoulos, The Motley Fool
·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.

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