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Why Anheuser Busch InBev Stock Jumped on Wednesday
BUDABInBev(BUD) The Motley Fool·2024-05-08 17:56

Investors cheered the latest earnings trends out of the alcoholic-beverage giant.Shares of Anheuser Bush InBev (BUD 4.09%) beat the market early Wednesday as the stock rose 4% while the S&P 500 was flat. That result erased a portion of the alcoholic-beverage giant's recent losses, yet shares are still in negative territory for the year. InBev stock is down 3% year to date, compared to a 9% rally in the wider market.Wednesday's rally was sparked by good news in the company's Q2 earnings update, which was rel ...