DJ Anheuser-Busch InBev S.A. ADR Underperforms Thursday When Compared To Competitors
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The Anheuser-Busch InBev S.A. ADR $(BUD)$ slipped 5.48% to $61.01 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.29% to 5,150.48 and Dow Jones Industrial Average falling 0.35% to 38,905.66.
The ADR's fall snapped a seven-day winning streak.
Anheuser-Busch InBev S.A. ADR closed $6.08 below its 52-week high ($67.09), which the company achieved on March 31st.
The ADR underperformed when compared to some of its competitors Thursday, as Kirin Holdings Co. Ltd. ADR (KNBWY) rose 0.65% to $13.89, San Miguel Corp. (SMGBF) fell 5.31% to $1.74, and Compania Cervecerias Unidas S.A. ADR $(CCU)$ fell 0.91% to $12.01.
Trading volume (11.8 M) eclipsed its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2024.
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(END) Dow Jones Newswires
March 14, 2024 16:33 ET (20:33 GMT)
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