The Anheuser-Busch InBev S.A. ADR (BUD) stock witnessed a notable rally of 2.55% to reach $61.23 on Tuesday. This surge took place amidst a favorable trading session for the overall market, with the S&P 500 Index (SPX) rising by 1.91% to 4,495.70 and the Dow Jones Industrial Average (DJIA) increasing by 1.43% to 34,827.70.
Continuous Growth Trend
This impressive increase marked the ADR’s second consecutive day of gains. It is worth mentioning that Anheuser-Busch InBev S.A. ADR closed at $5.86 below its 52-week high ($67.09), which was achieved on March 31st.
Mixed Performance in Comparison
On Tuesday, Anheuser-Busch InBev S.A. ADR showcased a mixed performance when compared to some of its competitors in the market. While Kirin Holdings Co. Ltd. ADR (KNBWY) rose by 0.45% to $14.52, San Miguel Corp. (SMGBF) experienced a significant surge of 4.63% to $1.90, and Compania Cervecerias Unidas S.A. ADR (CCU) observed a rise of 3.19% to $11.96.
Higher Trading Volume
The trading volume for Anheuser-Busch InBev S.A. ADR reached 2.5 million shares, surpassing its 50-day average volume of 2.2 million shares.
