Stern sold 59,637 STZ shares at $240.38 on 2024-11-13 for $14.3M; stock now -12.7% from 52-week high.
Zachary M Stern sold 59,637 shares of Constellation Brands (STZ) at $240.38 in November 2024, reducing his holdings from 3,365,715 to 3,306,078 shares—a 1.8% reduction in his position. The stock is now trading at $237.51, down 2.5% in 30 days and 3.3% in 90 days, placing it 12.7% below its 52-week high of $272.04. Stern's four prior sales at STZ all occurred on the same date (2023-05-10) and each showed 30-day returns of +8.1% and 90-day returns of +21.2%, indicating his prior sells at this ticker were not well-timed—the stock rose after each sale. In his broader cross-ticker track record, his average 90-day return after sells was +21.2% with a 0% well-timed rate, suggesting a consistent pattern of selling before subsequent gains. The company reported a net loss of $1.2B on revenue of $2.9B in the latest quarter, alongside annual revenue growth of 5.4%, providing context of recent operational challenges.