: Anheuser-Busch’s stock falls again toward 6-month low, heads for worst month in nearly two years


The U.S.-listed shares of Anheuser-Busch InBev S.A. BUD, -1.05% dropped 1.3% in afternoon trading, which puts them on track for a fourth-straight loss and a six-month low. The Belgium-based beer brewer’s stock has also tumbled 12.46% in May, which would put it on course to suffer the worst monthly performance since it dropped 12.54% in July 2021. The stock has been diving as sales of its Bud Light beer have been falling, following backlash over the brand’s partnership with trans influencer Dylan Mulvaney. Anheuser-Busch’s stock, which is headed for the lowest close since Nov. 25, has declined 5.3% year to date, while the S&P 500 SPX, +1.03% has gained 8.0%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous article: Trans designer speaks out after Target pulls products: ‘I’ve had a lot of death threats’
Next articleIllumina stockholders elect one of Icahn’s candidates to board after proxy fight


Please enter your comment!
Please enter your name here