The Anheuser-Busch InBev S.A. ADR (BUD) experienced a significant increase of 5.26% in its stock price on Tuesday, reaching $56.87. This positive performance coincided with a generally favorable trading session for the overall stock market. The S&P 500 Index (SPX) rose by 0.65% to 4,193.80, while the Dow Jones Industrial Average (DJIA) recorded a 0.38% increase to 33,052.87.
Continuing its upward trend, this marks the second consecutive day of gains for the ADR. Although still $10.22 below its 52-week high of $67.09, which it achieved on March 31st, the recent increase indicates positive momentum for the company.
In comparison to its competitors, the ADR outperformed several key players in the market. Kirin Holdings Co. Ltd. ADR (KNBWY) saw a modest increase of 0.82% to $14.17, San Miguel Corp. (SMGBF) experienced a significant surge of 4.63% to $1.90, and Compania Cervecerias Unidas S.A. ADR (CCU) declined by 0.62% to $11.25.
Furthermore, the trading volume for Anheuser-Busch InBev S.A. ADR surpassed expectations, with a volume of 3.5 million shares traded, exceeding the 50-day average volume of 2.0 million.
