Anheuser-Busch InBev S.A. ADR Slumps 1.40% in Dismal Trading Session

by webmaster

The Anheuser-Busch InBev S.A. ADR (BUD) experienced a disappointing trading day on Wednesday, as it slipped 1.40% to $62.72. This decline took place amidst an overall gloomy performance in the stock market, with the S&P 500 Index (SPX) falling 0.56% to 4,739.21 and the Dow Jones Industrial Average (DJIA) decreasing 0.25% to 37,266.67.

These losses mark the fourth consecutive day of decline for the ADR.

Despite this setback, it is worth noting that Anheuser-Busch InBev S.A. ADR closed just $4.37 short of its 52-week high of $67.09, which it achieved on March 31st.

In comparison to its competitors, the ADR demonstrated mixed performance on Wednesday. Kirin Holdings Co. Ltd. ADR (KNBWY) fell 1.80% to $14.20, San Miguel Corp. (SMGBF) rose 9.07% to $2.23, and Compania Cervecerias Unidas S.A. ADR (CCU) fell 1.41% to $11.89.

It is worth noting that the trading volume for Anheuser-Busch InBev S.A. ADR on Wednesday remained at 1.3 million shares, which is lower than its 50-day average volume of 1.5 million shares.

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