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.

Why did Bud stock drop?

Bud Stock Drops. A Major Shareholder Is Selling Down Its Stake. Anheuser-Busch InBev shares were dropping early on Thursday. It was hit by news that tobacco company Altria Group intends to sell down a significant portion of its holding in the Budweiser brewer.

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%.