Why did Anheuser-Busch InBev (Bud) rise in intraday trading?

American depositary receipts (ADRs) of Belgian brewing giant Anheuser-Busch InBev (BUD) rose in intraday trading Wednesday following a first-quarter earnings report that included revenue above expecta... The Bud Light Boycott Is Losing Steam. How AB InBev Is Defying the Controversy.

What happened to Anheuser-Busch InBev (Bud)?

Anheuser-Busch InBev (BUD) saw its American Depositary Receipts (ADRs) fall by over 5% on Thursday. The downturn followed the announcement from Altria (MO) that it would reduce its 10% stake in the wo... AB InBev (BUD) is trading lower as investor Altria Group plans to sell 35M shares. The share sale would be worth about $2.26B at $64.55 Wed.

How did Anheuser-Busch InBev perform in first-quarter 2024?

Wide-moat Anheuser-Busch InBev reported better-than-expected results for first-quarter 2024 with EBITDA of $4.9 billion, up 5.4% and considerably above company-compiled consensus estimates. The company also delivered a 90-basis-point margin expansion. Investors reacted positively, with shares up 5%.