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Home Markets

Anheuser-Busch InBev S.A. ADR outperforms market despite losses on the day

author by author
May 11, 2023
in Markets
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The Anheuser-Busch InBev S.A. ADR
BUD,
-0.61%
slid 0.02% to $65.65 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
SPX,
-0.17%
falling 1.58% to 4,071.63 and Dow Jones Industrial Average
DJIA,
-0.66%
falling 1.02% to 33,530.83.

The ADR’s fall snapped a two-day winning streak.

Anheuser-Busch InBev S.A. ADR closed $1.44 below its 52-week high ($67.09), which the company reached on March 31st.

The ADR underperformed when compared to some of its competitors Tuesday, as Kirin Holdings Co. Ltd. ADR
KNBWY,
-1.34%
rose 2.47% to $16.60, San Miguel Corp.
SMGBF,

rose 0.53% to $1.89, and Compania Cervecerias Unidas S.A. ADR
CCU,
-0.24%
rose 3.69% to $15.73.

Trading volume (1.5 M) remained 451,769 below its 50-day average volume of 2.0 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Tags: Alcoholic Beverages/Drinksarticle_normalBeverages/DrinksBrewingFood/Beverages
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