Beam Rises On Unusually High Volume (BEAM)

NEW YORK ( TheStreet) -- Beam (NYSE: BEAM) is trading at unusually high volume Tuesday with three million shares changing hands. It is currently at 4.6 times its average daily volume and trading up $1.24 (+2.2%) at $57.24 as of 3:40 p.m. ET.

Beam has a market cap of $8.2 billion and is part of the consumer goods sector and food & beverage industry.

Beam Inc. engages in producing and selling branded distilled spirits products worldwide.

TheStreet Ratings rates Beam as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Beam Ratings Report.

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