According to Wall Street, which cited anonymous sources, Boston Beer saw a spike in value on Friday, as the American brewer is in discussions to sell the business to the international spirits major Suntory.
On the announcement, Boston Beer Company Inc. (NYSE:SAM) had a gain of almost 30%. The sources told WSJ that although negotiations are still in their early stages, there is no guarantee that a deal would be reached and that a rival bidder may emerge.
Though demand has been hurt by shifting customer preferences, Boston Beer has had a difficult year thus far. This has given rise to rumors of a sale.
After collaborating with Boston Beer to create new spirits and ready-to-drink drinks in 2021, Suntory is well-acquainted with the latter.
Technical Outlook Boston Beer stock (SAM) closed Fridays trading session up 22.33% with a Relative Strength Index (RSI) of 68.64 which is slightly overbought. The daily price chart pattern showed a "Bullish Harami" pattern which is a strong bullish reversal pattern.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.