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SAM - Why Boston Beer Stock Has Soared 42% So Far in 2020
Boston Beer Company Inc.
Boston Beer (NYSE: SAM) shareholders are trouncing the market this year. Their stock jumped 42% compared to a 4% decline in the S&P 500 through the end of June, according to data provided by S&P Global Market Intelligence.
That rally has made the craft beer producer a standout in its industry, with rivals such as Molson Coors and Anheuser-Busch InBev each down over 30% in 2020. Even premium import specialist Constellation Brands has lost ground this year.