--- title: "U.S. stock market update: Amaze down 24.34%, market remains cautious after reverse stock split resumption" type: "News" locale: "en" url: "https://longbridge.com/en/news/294222628.md" description: "Amaze fell 24.34%; Diageo fell 0.97%, with a transaction volume of USD 40.82 million; Constellation Brands-A rose 0.86%, with a transaction volume of USD 23.91 million; Brown-Forman-B rose 1.85%, with a transaction volume of USD 11.46 million; Brown-Forman rose 1.69%, with a market value of USD 13.7 billion" datetime: "2026-07-29T14:23:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294222628.md) - [en](https://longbridge.com/en/news/294222628.md) - [zh-HK](https://longbridge.com/zh-HK/news/294222628.md) --- # U.S. stock market update: Amaze down 24.34%, market remains cautious after reverse stock split resumption **U.S. Stock Market Midday Update** Amaze fell 24.34%, with increased trading volume. Based on recent key news: 1. On July 27, Amaze announced that it had regained compliance with the NYSE American's continued listing standards and resumed trading after a 1-for-8 reverse stock split. This move led to a 19.44% drop in stock price. Source: Reuters 2. On July 27, Amaze received approval from NYSE American to resume trading of its common stock and plans to evaluate strategic options. This news triggered market uncertainty, affecting the stock price. Source: Public Technologies 3. On July 28, early subscription acceptance for Amaze increased, with high demand from Amaze Affiliates driving the expansion of its revenue ecosystem. However, the market remains cautious about its future development. Source: Public Technologies **Stocks with High Trading Volume in the Industry** Diageo fell 0.97%, with increased trading volume. Based on recent key news: 1. On July 28, market turbulence led to a flow of funds into safe-haven assets, with Diageo, as a beverage giant, being highlighted for its stability. Increased uncertainty in the macroeconomy raised demand for traditional safe assets, driving fluctuations in Diageo's stock price. 2. On July 29, the growth prospects of the healthcare industry were viewed positively, with high investor concentration on AI themes, leading to a flow of funds out of other sectors, including the beverage industry. Increased investor interest in the healthcare sector may have affected the flow of funds to Diageo. Macroeconomic uncertainty is rising, and risk-averse sentiment is increasing. Constellation Brands-A rose 0.86%. Based on recent news: 1. On July 28, Constellation Brands continued to seek growth in a capital-intensive market. Despite the economic environment no longer providing cheap funding, Constellation Brands is still striving to maintain its market position, which has driven the stock price up. 2. No other significant news recently. Liquidity in the macroeconomic environment has weakened. Brown-Forman-B rose 1.85%. Based on recent key news: 1. On July 26, the Brown-Forman board received an unsolicited acquisition proposal from Sazerac but deemed the proposal unfeasible. Following this news, the stock price rose 1.85%. 2. On July 27, Brown-Forman announced it would continue to execute its strategic plan, including expanding into international markets and enhancing operational efficiency, which boosted investor confidence and drove the stock price up. 3. On July 27, Sazerac reiterated its acquisition proposal and stated that it had secured financing support, but Brown-Forman rejected the proposal, demonstrating confidence in the company's long-term value, further driving the stock price up. Competition in the spirits industry is intensifying, and market volatility is evident **Stocks Ranked Among the Top by Market Capitalization in the Industry** Brown-Forman rose by 1.69%. Based on recent key news: 1. On July 27, Sazerac made a $15 billion acquisition offer to Brown-Forman, which was rejected. The Brown-Forman board deemed the proposal unworkable, and the Brown family expressed confidence in the company's long-term strategy. This news drove the stock price up. 2. On July 27, Brown-Forman announced it would continue to focus on international expansion and brand building, enhancing operational efficiency. The company stated it would continue to explore opportunities to create sustained value for shareholders, boosting market confidence, which led to an increase in stock price. 3. On July 27, the CEO of Brown-Forman announced retirement plans, and the company is undergoing a leadership transition. Despite facing uncertainty, market confidence in the company's future strategy has driven the stock price up. 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