One of today's stocks on the move is Beam (NYSE:BEAM), up 1.6% to $62.55. The S&P is trading higher by 0.4% to 1,561 and the Dow is trading 0.4% higher to 14,518.
There is potential upside of 4.7% for shares of Beam based on a current price of $62.55 and an average consensus analyst price target of $65.50. Beam shares have support at the 50-day moving average (MA) of $61.26 and additional support at the 200-day MA of $59.66.
In the past 52 weeks, shares of Beam have traded between a low of $52.69 and a high of $64.00 and are now at $62.55, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.09% higher over the past week, respectively.
Beam, Inc. owns and distributes liquor brands. The Company markets bourbon, liqueur, rye, vodka, scotch, rum, gin, brandy, cognac, cordials, tequila, and sherry worldwide.