The Anheuser-Busch InBev S.A. ADR (BUD) experienced a decline of 0.09% on Monday, reaching a closing price of $56.44. However, this dip did not overshadow the positive momentum in the broader stock market. The S&P 500 Index (SPX) rose by 0.90% to reach 4,518.44, while the Dow Jones Industrial Average (DJIA) surged by 1.16% and closed at 35,473.13.
Struggling to Break Free
Anheuser-Busch InBev's ADR has encountered two consecutive days of losses. Despite these setbacks, it is worth noting that the company had previously achieved a 52-week high of $67.09 on March 31st.
Underperforming in Comparison
While Anheuser-Busch InBev faced challenges, some of its competitors saw positive growth. Kirin Holdings Co. Ltd. ADR (KNBWY) witnessed a rise of 0.97% to reach $14.52, San Miguel Corp. (SMGBF) saw a 0.51% increase and closed at $1.96, and Compania Cervecerias Unidas S.A. ADR (CCU) experienced a noteworthy surge of 1.13% to reach $16.11.
Trading Volume Analysis
The trading volume for Anheuser-Busch InBev's ADR stood at 2.6 million shares on Monday, falling below its 50-day average volume of 2.6 million shares by 9,038.