C&C Group plc (LON:CCR – Get Free Report)’s share price traded down 18.7% during trading on Thursday . The company traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). 21,797,490 shares changed hands during trading, an increase of 1,071% from the average session volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.91).
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a “buy” rating on shares of C&C Group in a research note on Thursday.
Check Out Our Latest Report on CCR
C&C Group Stock Performance
Insider Transactions at C&C Group
In other C&C Group news, insider Ralph Findlay acquired 66,183 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of GBX 150 ($1.94) per share, with a total value of £99,274.50 ($128,410.94). Also, insider Roger Alexander White acquired 100,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of GBX 121 ($1.57) per share, for a total transaction of £121,000 ($156,512.74). Insiders have purchased a total of 179,622 shares of company stock valued at $24,002,983 in the last ninety days. 3.38% of the stock is currently owned by company insiders.
C&C Group Company Profile
C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.
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