Shares of Molson Coors Beverage Co. Cl B /zigman2/quotes/205165133/composite TAP -1.05% shed 1.25% to $59.96 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.54% rising 0.19% to 4,247.44 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.42% rising 0.04% to 34,479.60. This was the stock's second consecutive day of losses. Molson Coors Beverage Co. Cl B closed $1.52 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 Friday, as Anheuser-Busch InBev S.A. ADR /zigman2/quotes/209225053/composite BUD -2.79% fell 0.29% to $78.16, Constellation Brands Inc. Cl B /zigman2/quotes/207566860/composite STZ.B +1.08% rose 0.18% to $238.08, and Kirin Holdings Co. Ltd. ADR /zigman2/quotes/200156106/delayed KNBWY -1.56% fell 0.71% to $21.00. Trading volume (1.3 M) remained 678,879 below its 50-day average volume of 2.0 M.