Markets

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

The Anheuser-Busch InBev S.A. ADR
BUD,
-0.61%
shed 0.61% to $61.43 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
SPX,
-0.17%
falling 0.17% to 4,130.62 and Dow Jones Industrial Average
DJIA,
-0.66%
falling 0.66% to 33,309.51.

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

Anheuser-Busch InBev S.A. ADR closed $5.66 short of its 52-week high ($67.09), which the company reached on March 31st.

The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Kirin Holdings Co. Ltd. ADR
KNBWY,
-1.34%
fell 1.34% to $15.50, San Miguel Corp.
SMGBF,

remained unchanged, and Compania Cervecerias Unidas S.A. ADR
CCU,
-0.24%
fell 0.24% to $16.98.

Trading volume (2.1 M) remained 186,927 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...

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