Shares of Molson Coors Beverage Co. Cl B (NYS:TAP) slid 2.71% to $58.14 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index (S&P:SPX) falling 0.20% to 4,246.59 and Dow Jones Industrial Average (DOW:DJIA) falling 0.27% to 34,299.33. This was the stock's fourth consecutive day of losses. Molson Coors Beverage Co. Cl B closed $3.34 short of its 52-week high ($61.48), which the company reached on June 10th.
The stock underperformed when compared to some of its competitors Tuesday, as Anheuser-Busch InBev S.A. ADR (NYS:BUD) rose 0.46% to $79.35, Constellation Brands Inc. Cl B (NYS:STZ.B) rose 0.18% to $238.08, and Kirin Holdings Co. Ltd. ADR (OTC:KNBWY) rose 0.27% to $20.93. Trading volume (3.4 M) eclipsed its 50-day average volume of 2.0 M.