Constellation Brands Drops, Olaplex Tumble, Semtech Rises After Earnings
On this episode of Stock Movers:
- Constellation Brands (STZ) shares fell after Citi opened a negative 30-day catalyst watch on the alcoholic beverage company ahead of its investor conference presentation on Sept. 2. In July, Constellation 1Q results showed profit trailed expectations due to weaker consumer demand for alcoholic beverages and higher costs from aluminum tariffs
- Olaplex (OLPX) shares tumbled after the company announced the acquisition of Purvala Bioscience, a Boston-based biotech company. Purvala develops health and beauty products for the hair and skin.
- Semtech (SMTC) shares jumped after the company reported second-quarter results that beat expectations and gave an outlook that’s in line with expectations.
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