Anheuser-Busch Inbev SA (BUD) : Investors lapped up stocks on upticks to the tune of $23.23 million in the Wednesdays trading session. The trading value on downticks was comparatively at $18.23 million and the uptick to downtick ratio of 1.27 indicates continuous buying by the bulls. The net money flow into the stock was $5 million. Upticks saw transactions worth $2.4 clearly indicating buying by large investors. The total money flow for block trades stood at $2.4 million, which is a positive for the stock in the long-term. Anheuser-Busch Inbev SA (BUD) fell $0.16 during the day at $124.43, a drop of -0.13% over the previous days close. However, for the week, the stock is -0.8%, compared to the previous week.
Also, Bernstein maintains its rating on Anheuser-Busch Inbev SA (NYSE:BUD). The global brokerage major lowers the current price target from $125.3 per share to $121.7 per share. Analysts at the Bernstein have a current rating of Market Perform on the shares. The rating by the firm was issued on May 5, 2016.
Anheuser-Busch Inbev SA (NYSE:BUD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $123.18 and $123.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $128.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $126.22, notching a gain of 1.31% for the day. The total traded volume was 3,086,591 . The stock had closed at $124.59 on the previous day.
The stock has recorded a 20-day Moving Average of 0.62% and the 50-Day Moving Average is 0.16%.
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.