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Updated · MarketWatch · May 7Anheuser-Busch InBev ADR falls 2.24% in weak market session
12 articles · Updated · MarketWatch · May 7
- The stock closed at $80.25 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
- The decline ended a two-day winning streak and left the ADR 3.21% below its 52-week high of $82.91 reached on 6 May.
- It lagged Kirin and CCU ADRs, while San Miguel also fell, and trading volume of 1.9 million was below its 50-day average of 2.1 million.
After a record quarter, why did AB InBev's stock suddenly drop, and is it a sign of deeper market trouble? Can premium and non-alcoholic beer truly save the world's largest brewer from the industry's overall decline? With consumers cutting back, can a World Cup marketing blitz overcome growing economic and health concerns?