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SAM - Why Boston Beer Stock Was Moving Higher Today
Boston Beer Company Inc.
2024-07-26 13:21:03 ET
Shares of Boston Beer (NYSE: SAM) were moving higher today after the parent of alcohol brands like Sam Adams and Truly hard seltzer posted better-than-expected results in its second-quarter earnings report, even though business continued to decline due to weakness in the hard seltzer category.
As of 12:17 p.m. ET, the stock was up 6.1% on the news.