BF.B Stock Summary and Trading Ideas (Brown-Forman | NYSE:BF.B)

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and voting power of the company.

Brown-Forman trades on the NYSE stock market under the symbol BF.B.

As of April 22, 2024, BF.B stock price climbed to $49.15 with 1,559,859 million shares trading.

BF.B has a beta of 0.85, meaning it tends to be less sensitive to market movements. BF.B has a correlation of 0.18 to the broad based SPY ETF.

BF.B has a market cap of $23.55 billion. This is considered a Large Cap stock.

In the last 3 years, BF.B stock traded as high as $81.57 and as low as $48.45.

The top ETF exchange traded funds that BF.B belongs to (by Net Assets): VTI, VO, VOO, NOBL, VUG.

BF.B has underperformed the market in the last year with a return of -21.8%, while the SPY ETF gained +22.9%. In the last 3 month period, BF.B fell short of the market, returning -8.6%, while SPY returned +3.7%. However, in the most recent 2 weeks BF.B has outperformed the stock market by returning -3.0%, while SPY returned -3.7%.

BF.B support price is $48.46 and resistance is $49.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BF.B stock will trade within this expected range on the day.