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Why Boston Beer Stock Was Moving Higher Today

TheMotleyFool

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Why Boston Beer Stock Was Moving Higher Today: https://g.foolcdn.com/editorial/images/784818/aluminum-cans.jpg

Shares of Boston Beer (NYSE: SAM) were moving higher today after the parent of alcohol brands like Sam Adams and Truly hard seltzer posted better-than-expected results in its second-quarter earnings report, even though business continued to decline due to weakness in the hard seltzer category.

As of 12:17 p.m. ET, the stock was up 6.1% on the news.

Image source: Getty Images.

Source Fool.com