Favorable Trading Session for Stock Market
The Anheuser-Busch InBev S.A. ADR (BUD) experienced a 0.33% decrease, closing at $60.17 on Friday. This decline occurred within the context of a positive trading session for the stock market, with the S&P 500 Index rising by 0.80% to 5,137.08 and the Dow Jones Industrial Average increasing by 0.23% to 39,087.38.
Seventh Consecutive Day of Losses
Notably, this marked the ADR’s seventh consecutive day of losses, indicating a trend that investors may be monitoring closely.
Close to 52-Week High
Despite the recent decreases, the ADR closed at $6.92 below its 52-week high of $67.09, achieved on March 31st. This suggests that there may still be potential for recovery in the future.
Mixed Performance Compared to Competitors
In comparison to some of its competitors on Friday, Anheuser-Busch InBev S.A. ADR showed a mixed performance. While Kirin Holdings Co. Ltd. ADR (KNBWY) rose by 0.22% to $13.84 and Compania Cervecerias Unidas S.A. ADR (CCU) increased by 0.95% to $11.74, San Miguel Corp. (SMGBF) experienced a decline of 5.40% to $1.84.
Lower Trading Volume
The trading volume for the ADR remained at 1.6 million shares, falling slightly below its 50-day average volume of 1.7 million shares. This discrepancy in volume could be indicative of shifting investor sentiment or market conditions.