DJ Anheuser-Busch InBev S.A. ADR Falls Wednesday, Underperforms Market
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The Anheuser-Busch InBev S.A. ADR $(BUD)$ slid 1.70% to $59.57 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.95% to 5,160.64 and Dow Jones Industrial Average falling 1.09% to 38,461.51.
The ADR's fall snapped a three-day winning streak.
Anheuser-Busch InBev S.A. ADR closed $6.99 short of its 52-week high ($66.56), which the company achieved on April 26th.
The ADR underperformed when compared to some of its competitors Wednesday, as Kirin Holdings Co. Ltd. ADR (KNBWY) fell 1.55% to $13.98, San Miguel Corp. (SMGBF) rose 4.02% to $1.81, and Compania Cervecerias Unidas S.A. ADR $(CCU)$ fell 1.05% to $12.22.
Trading volume (1.7 M) remained 687,108 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 10, 2024.
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(END) Dow Jones Newswires
April 10, 2024 16:33 ET (20:33 GMT)
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