This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Craft Brewers Taps Another 52-Week High

Stocks in this article: HOOK SAM BUD TAP CCU ABV

WOODINVILLE, Wash. ( TheStreet) -- Shares of Craft Brewers Alliance (HOOK) surged to a fresh 52-week high on heavy volume trading Wednesday morning.

The brewer's shares have risen steadily in recent months amid speculation that brewing giant Anheuser-Busch Inbev may be angling to acquire the company.

Craft Brewers

TheStreet recently polled our readers to see if they thought Anheuser-Busch saw long-term potential in Craft's growing corner of the niche craft beer market, or if the beer behemoth wouldn't bother with such a small-time player in the market. Voters overwhelmingly agreed that Anheuser-Busch is looking to acquire Craft Brewers Alliance.

>>Anheuser-Busch Thirsty for Craft Brewers, Poll Says

On Wednesday, Craft shares jumped more than 10% ahead of midday on double their average trading volume, a day after the stock rose 1.7%, also on heavy volume.

"Craft Brewers Alliance has reached a market capitalization where larger investment funds can start to nibble at it," speculated Bryce Peterson, founder and president of Washington Street Investments.

Washington Street owns about 2.5% of Craft.

"When I started buying in the $2's and $3's per share, HOOK was a $40-$50 million market cap, so the funds or investors managing hundreds of millions of dollars ignored it," Peterson said. "They may have liked it a lot, but they literally couldn't buy enough to make a difference in their portfolios."

"If you're a small or micro cap investment company managing, for example, $200 or $300 million, you can start to buy HOOK now because the market cap and share trading volume finally makes sense," he added.

Size can indeed create liquidity. Craft's market cap is now just under $135 million.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs