DJ Anheuser-Busch InBev S.A. ADR Rises Thursday, Still Underperforms Market
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The Anheuser-Busch InBev S.A. ADR $(BUD)$ inched 0.71% higher to $59.89 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.91% to 5,064.20 and the Dow Jones Industrial Average rising 0.85% to 38,225.66.
The ADR's rise snapped a two-day losing streak.
Anheuser-Busch InBev S.A. ADR closed $6.43 short of its 52-week high ($66.32), which the company reached on May 4th.
The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Kirin Holdings Co. Ltd. ADR (KNBWY) rose 1.98% to $14.90, San Miguel Corp. (SMGBF) fell 0.55% to $1.80, and Compania Cervecerias Unidas S.A. ADR $(CCU)$ rose 1.88% to $12.45.
Trading volume (1.6 M) remained 548,991 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2024.
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(END) Dow Jones Newswires
May 02, 2024 16:33 ET (20:33 GMT)
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