Molson Coors Stays Flat As Market Rises, But The Tide Is Set To Turn
- Date: 28-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
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