Statistics of Price Movements of Constellation Brands Inc (STZ)

The price movements of Constellation Brands Inc (ticker STZ) are summarized in five ways:

• Table 1. Statistics of daily price changes using the closing prices
• Table 2. Statistics of daily price changes using the closing and opening prices
• Table 3 – 7. Statistics of daily price changes when STZ opened with an increase of 1%, 2%, 3%, 4%, or more than 5%
• Table 8 – 10. Statistics of stock price changes in the 20 days after STZ had a big price move
• Table 11. Statistics of daily price changes in the 20 days after STZ moved 5% with twice the 30-day average volume

The statistics are calculated using STZ's price data across 1,549 trading days from 2015 to 2020.

Table 1. Statistics of STZ one-day price changes

In this table, the one-day price change is calculated using the closing price and the previous day's closing price.

In the past 1,549 trading days, 50.5% of the time (781 days), STZ closed above the previous day's closing price. 46.1% of the time (713 days), it closed below the previous day's closing price. 3.5% of the time (54 days), it did not change.

Also see: VIX price movement study.

STZ Price Change (%)	Number of Days	% of Total Sessions
17 – 18%	1	0.06%
11 – 12%	1	0.06%
8 – 9%	1	0.06%
7 – 8%	1	0.06%
6 – 7%	6	0.39%
5 – 6%	6	0.39%
4 – 5%	10	0.65%
3 – 4%	25	1.61%
2 – 3%	60	3.88%
1 – 2%	208	13.44%
0 – 1%	462	29.84%
0%	54	3.49%
0 – -1%	451	29.13%
-1 – -2%	154	9.95%
-2 – -3%	69	4.46%
-3 – -4%	15	0.97%
-4 – -5%	8	0.52%
-5 – -6%	3	0.19%
-6 – -7%	6	0.39%
-7 – -8%	2	0.13%
-8 – -9%	2	0.13%
-11 – -12%	1	0.06%
-12 – -13%	1	0.06%
-15 – -16%	1	0.06%

Table 2. Statistics of STZ: Closing vs. Open

In this table, instead of using the closing price of the previous day, the opening price is used to calculate the one-day price change of STZ.

49.1% of the time (760 days), STZ closed above the opening price. 47.1% of the time (729 days), it closed below the opening price. 3.9% of the time (60 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
11 – 12%	1	0.06%
10 – 11%	1	0.06%
7 – 8%	2	0.13%
5 – 6%	2	0.13%
4 – 5%	4	0.26%
3 – 4%	20	1.29%
2 – 3%	43	2.78%
1 – 2%	184	11.88%
0 – 1%	503	32.47%
0%	60	3.87%
0 – -1%	491	31.70%
-1 – -2%	157	10.14%
-2 – -3%	49	3.16%
-3 – -4%	22	1.42%
-4 – -5%	4	0.26%
-5 – -6%	2	0.13%
-6 – -7%	2	0.13%
-8 – -9%	1	0.06%
-9 – -10%	1	0.06%

Table 3. One-day performance when STZ opened 5% higher than previous close

In the past 1,549 trading days, STZ opened more than 5% higher than the previous day's closing price 9 times. Of these days, 22.2% (2 days) had closing prices above the opening price, and 77.8% (7 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
11 – 12%	1	11.11%
1 – 2%	1	11.11%
0 – -1%	3	33.33%
-1 – -2%	1	11.11%
-2 – -3%	1	11.11%
-4 – -5%	1	11.11%
-5 – -6%	1	11.11%

Table 4. Closing vs. open when STZ opened 4–5% higher

On 7 days, STZ opened 4–5% higher than the previous day's closing price. Of these days, 71.4% (5 days) had closing prices above the opening price, and 28.6% (2 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	14.29%
1 – 2%	3	42.86%
0 – 1%	1	14.29%
0 – -1%	1	14.29%
-2 – -3%	1	14.29%

Table 5. Closing vs. open when STZ open 3 – 4% higher

8 times STZ opened 3 – 4% higher than the previous day's closing price. Among these days, 37.5% (3 days) closed above the opening price, 62.5% (5 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	2	25.00%
0 – 1%	1	12.50%
0 – -1%	1	12.50%
-1 – -2%	1	12.50%
-2 – -3%	2	25.00%
-3 – -4%	1	12.50%

Table 6. Closing vs. open when STZ open 2 – 3% higher

14 times STZ opened 2 – 3% higher than the previous day's closing price. Among these days, 42.9% (6 days) closed above the opening price, 57.1% (8 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	2	14.29%
3 – 4%	1	7.14%
2 – 3%	1	7.14%
1 – 2%	1	7.14%
0 – 1%	1	7.14%
-1 – -2%	6	42.86%
-2 – -3%	1	7.14%
-5 – -6%	1	7.14%

Table 7. Closing vs. open when STZ open 1 – 2% higher

61 times STZ opened 1 – 2% higher than the previous day's closing price. Among these days, 52.5% (32 days) closed above the opening price, 47.5% (29 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	1.64%
2 – 3%	5	8.20%
1 – 2%	5	8.20%
0 – 1%	21	34.43%
0 – -1%	17	27.87%
-1 – -2%	9	14.75%
-2 – -3%	2	3.28%
-3 – -4%	1	1.64%

Table 8. Periods when STZ moved 15% or more

In this table, we track the price movements in the 20 days after STZ had a one-day price change of at least 15%.

Date	Price Change	Price Change after 15% Move
Days after:		1	4	7	10	13	16	19
20200324	17.2%	2.3	18.3	6.0	20.8	34.3	31.1	26.5
20200312	-15.2%	1.2	-7.7	-19.6	7.0	9.1	.6	20.0

Table 8a. STZ average price changes following a 15% up day

Of the 1,549 trading days from 2015 to 2020, there were 1 days in which STZ was up more than 15%. This table shows the average price changes over the 1 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	2.3	18.3	6.0	20.8	34.3	31.1	26.5

Table 8b. STZ average price changes following a 15% down day

Of the 1,549 trading days from 2015 to 2020, there were 1 days in which STZ was down more than -15%. This table shows the average price changes over the 1 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	1.2	-7.7	-19.6	7.0	9.1	.6	20.0

Table 9. Periods when STZ moved 10% or more

In this table, we track the price movements in the 20 days after STZ had a one-day price change of at least 10%.

Date	Price Change	Price Change after 10% Move
Days after:		1	4	7	10	13	16	19
20200324	17.2%	2.3	18.3	6.0	20.8	34.3	31.1	26.5
20200326	11.1%	3.0	-2.7	1.1	18.2	19.3	15.6	10.3
20200323	-11.7%	17.2	37.1	29.6	34.7	57.4	58.9	54.0
20190109	-12.4%	6.0	6.4	8.8	9.7	11.2	15.1	15.8
20200312	-15.2%	1.2	-7.7	-19.6	7.0	9.1	.6	20.0

Table 9a. STZ average price changes following a 10% up day

Of the 1,549 trading days from 2015 to 2020, there were 2 days in which STZ was up more than 10%. This table shows the average price changes over the 2 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	2.6	7.8	3.5	19.5	26.8	23.4	18.4

Table 9b. STZ average price changes following a 10% down day

Of the 1,549 trading days from 2015 to 2020, there were 3 days in which STZ was down more than -10%. This table shows the average price changes over the 3 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	8.1	11.9	6.2	17.1	25.9	24.8	29.9

Table 10. Periods when STZ moved 5% or more

In this table, we track the price movements in the 20 days after STZ had a one-day price change of at least 5%.

Date	Price Change	Price Change after 5% Move
Days after:		1	4	7	10	13	16	19
20200324	17.2%	2.3	18.3	6.0	20.8	34.3	31.1	26.5
20200326	11.1%	3.0	-2.7	1.1	18.2	19.3	15.6	10.3
20201109	8%	-.1	.6	1.5	.4	2.0	2.5	6.5
20200406	7.6%	5.2	16.9	14.1	10.1	7.6	17.7	13.6
20201102	6.7%	4.8	5.3	10.3	16.8	15.8	17.8	16.1
20190404	6.5%	1.0	-.7	-.3	3.8	8.4	10.8	9.2
20170406	6.4%	-.8	-1.1	-1.0	.7	.4	.4	1.1
20200414	6.4%	-3.3	-6.7	-8.8	-.2	-3.7	-1.4	-2.7
20200518	6.3%	.2	2.3	6.5	2.8	4.3	8.8	1.1
20200701	6.2%	-.0	-1.3	-3.3	-2.5	-2.7	-3.2	-2.3
20160406	5.9%	-1.9	-2.1	-2.3	-2.7	-2.2	-3.0	-1.2
20190110	5.9%	-.5	-.0	2.6	3.0	5.1	8.6	7.7
20200408	5.4%	5.4	6.4	3.1	-1.6	3.4	4.4	3.3
20181004	5.3%	.5	-.2	.7	1.3	-3.3	-5.5	-10.3
20200409	5.3%	.0	-2.3	-5.8	-7.9	.7	-2.8	-.5
20200407	5.1%	5.5	5.4	8.4	2.3	6.2	13.3	9.5
20200413	-5.1%	6.5	3.2	-1.5	3.5	4.5	3.4	5.3
20180629	-5.7%	-1.4	-1.4	-.4	-1.5	-2.1	-1.8	-1.9
20190531	-5.7%	.4	4.4	10.5	6.3	4.5	2.7	6.7
20191003	-6%	-.3	-1.4	-.7	1.6	1.3	.8	-1.4
20160205	-6.1%	-2.2	-1.7	1.0	1.1	.8	2.5	4.7
20180815	-6.1%	-2.8	-3.7	-.3	.5	-.0	.2	3.4
20200316	-6.1%	-.2	-4.0	1.5	17.4	5.2	19.9	33.3
20200311	-6.2%	-15.2	-19.7	-22.8	-18.4	-5.6	-15.4	-3.5
20200611	-6.4%	1.0	6.0	6.5	2.8	3.7	10.6	8.1
20170105	-7.1%	1.8	1.5	1.7	1.9	4.3	1.5	2.1
20161109	-7.5%	-.7	-1.0	.8	.4	1.5	-5.6	-3.9
20200227	-8%	-1.9	5.9	-6.5	-25.2	-29.2	-31.9	-27.9
20200309	-8.2%	.7	-19.0	-26.2	-35.7	-14.3	-12.7	-19.5
20200323	-11.7%	17.2	37.1	29.6	34.7	57.4	58.9	54.0
20190109	-12.4%	6.0	6.4	8.8	9.7	11.2	15.1	15.8
20200312	-15.2%	1.2	-7.7	-19.6	7.0	9.1	.6	20.0

Table 10a. STZ average price changes following a 5% up day

Of the 1,549 trading days from 2015 to 2020, there were 16 days in which STZ was up more than 5%. This table shows the average price changes over the 16 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	1.3	2.4	2.1	4.1	6.0	7.2	5.5

Table 10b. STZ average price changes following a 5% down day

Of the 1,549 trading days from 2015 to 2020, there were 16 days in which STZ was down more than -5%. This table shows the average price changes over the 16 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	.6	.3	-1.1	.4	3.3	3.0	6.0

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Also see: VIX price movement study.