© Reuters.
In a challenging market environment on Thursday, Anheuser-Busch InBev’s American Depositary Receipt (ADR) ended its three-day winning streak. Amidst a 1.18% fall in the and a 0.76% drop in the Dow Jones, the brewer’s ADR declined by 0.67% to $53.38. This closing value is significantly lower than its annual high of $67.09 reached on March 31st.
While Anheuser-Busch InBev saw a downturn, competitors Kirin Holdings, San Miguel Corp., and Compania Cervecerias Unidas experienced stock increases of 0.36%, 4.63%, and 1.61% respectively, despite the overall market slump.
In addition to its share price decline, Anheuser-Busch InBev’s trading volume was noticeably lower than usual. The company traded 432,203 units fewer than its typical 50-day average volume of 2 million units.
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