Red-Hot Beverage Stock Pivots Lower on Revenue Miss

Group 1 - Constellation Brands, Inc. reported a profit beat for the fiscal second quarter but missed revenue expectations, leading to a 2.2% decline in stock price to $250.11 [1] - The stock is currently testing a floor at the 40-day moving average after a rally peaked at $261, marking a potential fourth consecutive daily loss [2] - Despite recent losses, Constellation Brands stock has a year-to-date gain of 2.8% [2] Group 2 - Short-term options traders are showing a bearish sentiment, indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.43, which is the highest in the past year [2] - Today's options activity has seen 2,256 calls and 2,398 puts, significantly above the intraday average volume, with the most active contract being the weekly 10/4 260-strike call [3]