Molson Coors Stays Flat As Market Rises, But The Tide Is Set To Turn

Molson Coors Stays Flat As Market Rises, But The Tide Is Set To Turn

TORONTO, ONTARIO, CANADA - 2019/06/12: An advertisement logo for Coors beer. The branding design is ... [+] seen close to the Scotiabank Arena where the Toronto Raptors are playing the NBA finals for the first time ever. (Photo by Roberto Machado Noa/LightRocket via Getty Images)



LightRocket via Getty Images

We believe Molson Coors stock (NYSE: TAP) may be a good opportunity at the present time. TAP trades near $35 currently and is, in fact, down 35% so far this year (from $54 at the beginning of 2020). It traded at $58 in February 2020 – just before the coronavirus pandemic hit the world – and is currently 40% below that level as well. TAP stock is still trading close to its March lows of