Anheuser-Busch Stock Recovers 100% – What’s Changed?
- Date: 12-Jan-2021
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Anheuser-Busch Stock Recovers 100% – What’s Changed?
UKRAINE - 2021/01/07: In this photo illustration an Anheuser-Busch InBev, logo is seen displayed on ... [+] a smartphone. (Photo Illustration by Valera Golovniov/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
After more than doubling since its March lows of 2020, at the current price of $71 per share, Anheuser-Busch InBev stock (NYSE: BUD) seems to have reached its near-term potential. BUD's stock has rallied from $35 to over $70 off its recent bottom compared to the S&P 500 which increased over 70% from its recent lows. The stock was able to beat the broader market over the last few months, with the US government announcing a string of measures along with stimulus packages announced in other economies to keep businesses afloat. As the global economy opens up and supply constraints ease, volume sales are likely to rise in the coming quarters. Though the stock is still close to 15% below its December 2019 level, it is unlikely to see any major movement anytime soon due to slowdown in the beer segment even before the pandemic. Additionally, the new virus strain and lockdown in the UK will limit any major upside in
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