The stock market experienced an overall positive trading session on Thursday, with the S&P 500 Index rising by 0.59% to reach 4,299.70 and the Dow Jones Industrial Average increasing by 0.35% to reach 33,666.34. In line with this trend, the Anheuser-Busch InBev S.A. ADR (BUD) saw a modest increase of 0.34%, closing at $53.56.
This upward movement put an end to the ADR's seven-day losing streak, which is certainly a favorable outcome for the company. Despite this improvement, the stock closed $13.53 below its 52-week high of $67.09, which was achieved on March 31st.
In comparison to some of its competitors, the ADR outperformed on Thursday. Kirin Holdings Co. Ltd. ADR (KNBWY) fell by 0.77% to $14.14, San Miguel Corp. (SMGBF) declined by 1.84% to $1.82, and Compania Cervecerias Unidas S.A. ADR (CCU) dropped by 1.04% to $12.40.
The trading volume for Anheuser-Busch InBev S.A. ADR stood at 1.5 million shares, which was lower than its 50-day average volume of 2.0 million shares.
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