Markets

Anheuser-Busch InBev S.A. ADR underperforms Thursday when compared to competitors despite daily gains

1 Mins read

The Anheuser-Busch InBev S.A. ADR
BUD,
+0.04%
inched 0.04% higher to $53.28 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
SPX,
-0.85%
falling 0.85% to 4,278.00 and Dow Jones Industrial Average
DJIA,
-0.75%
falling 0.75% to 33,414.17.

The ADR’s rise snapped a two-day losing streak.

Anheuser-Busch InBev S.A. ADR closed $13.81 short of its 52-week high ($67.09), which the company achieved on March 31st.

The ADR underperformed when compared to some of its competitors Thursday, as Kirin Holdings Co. Ltd. ADR
KNBWY,
+1.75%
rose 1.75% to $13.99, San Miguel Corp.
SMGBF,
+4.63%
rose 4.63% to $1.90, and Compania Cervecerias Unidas S.A. ADR
CCU,
+0.27%
rose 0.27% to $11.31.

Trading volume (1.7 M) remained 247,493 below its 50-day average volume of 2.0 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.

Read the full article here

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