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Anheuser-Busch InBev S.A. ADR falls Friday, underperforms market

The Anheuser-Busch InBev S.A. ADR
BUD,
-0.62%
dropped 0.62% to $61.05 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
SPX,
-0.16%
falling 0.16% to 4,124.08 and Dow Jones Industrial Average
DJIA,
-0.03%
falling 0.03% to 33,300.62.

This was the ADR’s sixth consecutive day of losses.

Anheuser-Busch InBev S.A. ADR closed $6.04 below its 52-week high ($67.09), which the company achieved on March 31st.

The ADR underperformed when compared to some of its competitors Friday, as Kirin Holdings Co. Ltd. ADR
KNBWY,
+3.23%
rose 3.23% to $16.00, San Miguel Corp.
SMGBF,

remained unchanged, and Compania Cervecerias Unidas S.A. ADR
CCU,
-0.12%
fell 0.12% to $16.96.

Trading volume (1.8 M) remained 486,144 below its 50-day average volume of 2.3 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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This article was written by Follow Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment...