Constellation Brands Trading Volume Plummets 68.4% to 253rd Rank Amid Class Action Lawsuit

On March 24, 2025, Constellation Brands, Inc. (STZ) saw a trading volume of $372 million, a significant 68.4% decrease from the previous day, placing it at the 253rd position in the day's stock market rankings. The stock price of Constellation Brands, Inc. (STZ) rose by 1.61%.

Constellation Brands, Inc. is currently facing a class action securities lawsuit. The lawsuit aims to recover losses for investors who were adversely affected by alleged securities fraud between April 11, 2024, and January 8, 2025. The complaint alleges that the company provided materially false and misleading information concerning its full-year 2024 fiscal results and financial outlook for 2025. The lawsuit claims that the company's focus on improving mix, inventory, and sales execution in its Wine and Spirits business, particularly within its premium and above brands, was not accurately reflected in its financial statements. Additionally, the company made investments in media spend and price promotions, as well as adjustments in sales capabilities to support distributor partners. However, on January 8, 2025, the company issued a press release announcing a significant miss on sales performance in the Beer segment and an even steeper miss for the Wine & Spirits segment, leading to a dramatic decline in the stock price.

Investors who suffered losses during the relevant time frame have until April 21, 2025, to request that the Court appoint them as lead plaintiff. If appointed, they may be entitled to compensation without payment of any out-of-pocket costs or fees. The law firm Levi & Korsinsky, LLP, which has a track record of securing hundreds of millions of dollars for aggrieved shareholders, is representing the investors in this case. The firm has extensive expertise in complex securities litigation and a team of over 70 employees to serve its clients.