The stock market experienced a positive trading session on Tuesday, with the Anheuser-Busch InBev S.A. ADR (BUD) standing out with a 1.40% increase to $53.42. This marks the second consecutive day of gains for the company.
Strong Market Performance
In line with the overall market trend, the S&P 500 Index rose by 0.73% to reach 4,247.68, while the Dow Jones Industrial Average increased by 0.62% to close at 33,141.38.
Near 52-Week High
Although Anheuser-Busch InBev S.A. ADR closed $13.67 below its 52-week high of $67.09, which was achieved on March 31st, the recent gains indicate a positive trajectory.
Competitor Comparison
When compared to some of its competitors, Anheuser-Busch InBev S.A. ADR showcased mixed performance. Kirin Holdings Co. Ltd. ADR (KNBWY) saw a slight rise of 0.29% to reach $13.88, San Miguel Corp. (SMGBF) experienced a notable increase of 4.63% to $1.90, and Compania Cervecerias Unidas S.A. ADR (CCU) saw a rise of 1.74% to close at $11.11.
Increased Trading Volume
The trading volume for Anheuser-Busch InBev S.A. ADR reached 2.4 million shares, surpassing its 50-day average volume of 2 million shares.
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