Molson Coors Beverage (OTCMKTS:TAP.A) Stock Price Down 8.6% – Here’s Why

Molson Coors Beverage (OTCMKTS:TAP.A)’s stock price traded down 8.6% during mid-day trading on Wednesday . The stock traded as low as $46.50 and last traded at $46.50. 271 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 401 shares. The stock had previously closed at $50.85.

Molson Coors Beverage Stock Down 8.6%

The business has a 50 day simple moving average of $46.86 and a 200 day simple moving average of $50.74.

About Molson Coors Beverage

Molson Coors Beverage Company is a leading global brewer and beverage producer, known for its extensive portfolio of beer and malt-based beverages. The company operates across multiple segments, encompassing brewing, marketing, sales and distribution of premium, value‐priced and craft brands. In addition to traditional beers, Molson Coors has expanded into adjacent beverage categories, including hard seltzers, ciders and non-alcoholic offerings, reflecting its strategic efforts to meet evolving consumer preferences.

The origins of Molson Coors date back to the late 18th and 19th centuries, with Alexander Molson founding Molson Brewery in Montreal in 1786 and Adolph Coors establishing Coors Brewing Company in Golden, Colorado in 1873.