The Anheuser-Busch InBev S.A. ADR (BUD) experienced a modest increase of 0.54%, reaching $62.85 on Monday. This gain marked the end of a three-day losing streak for the stock. While the broader stock market saw mixed results, with the S&P 500 Index (SPX) rising 0.45% to 4,740.56 and the Dow Jones Industrial Average (DJIA) remaining mostly unchanged at 37,306.02, Anheuser-Busch InBev managed to maintain a positive trajectory.
Despite its recent uptick, the ADR closed at $4.24 below its 52-week high of $67.09, a record it achieved on March 31st. When compared to its competitors, Anheuser-Busch InBev exhibited a varied performance on Monday. Kirin Holdings Co. Ltd. ADR (KNBWY) dropped 0.75% to $14.46, while San Miguel Corp. (SMGBF) experienced a gain of 2.11% to $1.94. Meanwhile, Compania Cervecerias Unidas S.A. ADR (CCU) declined by 0.99% to $12.97.
Although trading volume remained slightly lower than its 50-day average volume, with 1.2 million shares traded compared to the average of 1.9 million shares, the positive movement of Anheuser-Busch InBev is worth noting.