The stock market had a favorable trading session on Friday, and the Anheuser-Busch InBev S.A. ADR (BUD) benefited from this positive sentiment. The stock inched 0.39% higher to $56.66, showcasing its resilience in the market.
During this session, the S&P 500 Index (SPX) rose by 0.67% to reach 4,405.71, while the Dow Jones Industrial Average (DJIA) increased by 0.73% to reach 34,346.90. These gains across the market provided a supportive backdrop for Anheuser-Busch InBev.
Close to 52-Week High
Despite trading slightly below its 52-week high, which was achieved on March 31st at $67.09, the ADR closed at $56.66, demonstrating its strong performance in the market.
In comparison to some of its competitors, Anheuser-Busch InBev showed mixed results. Kirin Holdings Co. Ltd. ADR (KNBWY) rose by 0.74% to $13.66, San Miguel Corp. (SMGBF) fell by 3.14% to $1.85, and Compania Cervecerias Unidas S.A. ADR (CCU) increased by 0.07% to $15.02.
The trading volume for Anheuser-Busch InBev stood at 1.4 million shares, which was below its 50-day average volume of 2.1 million shares.