Anheuser-Busch Inbev SA (BUD) has been under a strong bear grip, hence the stock is down -4.69% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.7% in the past 1 week. The stock has risen by 2.63% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.49% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.03% and the 50-Day Moving Average is 2.47%. Anheuser-Busch InBev SA/NV is up 4.24% in the last 3-month period. Year-to-Date the stock performance stands at 5.41%.
Anheuser-Busch Inbev SA (NYSE:BUD): stock turned positive on Friday. Though the stock opened at $126.45, the bulls momentum made the stock top out at $129.86 level for the day. The stock recorded a low of $125.735 and closed the trading day at $129.44, in the green by 2.80%. The total traded volume for the day was 3,001,048. The stock had closed at $125.92 in the previous days trading.
Also, Bernstein maintains its view on Anheuser-Busch Inbev SA (NYSE:BUD) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Bernstein lowers the price target from $125.3 per share to $121.7 per share on Anheuser-Busch Inbev SA. The rating by the firm was issued on May 5, 2016.
Anheuser Busch Inbev SA, formerly Anheuser-Busch InBev SA/NV is a brewing company. The Company produces, markets, distributes and sells a portfolio of approximately 200 beer and other malt beverage brands. The Company operates in seven business segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export & Holding Companies. The Company also produces and distributes soft drinks, particularly in Latin America, and other near beer products, such as Lime-A-Rita and other Rita family products, in the United States and other countries. The Companys brand portfolio consists of three categories: global brands Budweiser, Corona (except in the United States) and Stella Artois; multi-country brands Becks, Leffe and Hoegaarden, and local brands Bud Light, Michelob, Victoria, Modelo Especial, Negra Modelo, Skol, Brahma, Antarctica, Quilmes, Jupiler, Klinskoye, Sibirskaya Korona, Chernigivske, Cass, Harbin and Sedrin.