Molson Coors Beverage (NYSE:TAP.A) Trading Up 2.6% – Time to Buy?

Molson Coors Beverage (NYSE:TAP.A)’s stock price traded up 2.6% during trading on Friday . The stock traded as high as $58.99 and last traded at $58.99. 1,845 shares changed hands during mid-day trading, an increase of 100% from the average session volume of 924 shares. The stock had previously closed at $57.50.

Molson Coors Beverage Stock Performance

The business’s 50 day moving average price is $57.56 and its two-hundred day moving average price is $59.33.

Molson Coors Beverage (NYSE:TAP.A) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.92 earnings per share for the quarter. The firm had revenue of $3.25 billion for the quarter.

About Molson Coors Beverage

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Hop Valley brands, Leinenkugel's, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian Lager, Molson Dry, Molson Export, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands.