“lost $3billion in market cap value in recent days. The beer giant was worth $132 billion on March 31st”
Three billion is little more than a rounding error or slight fluctuation in this case. Now, if they take a quarterly loss or drop ten or fifteen percent, that might raise an eyebrow.
I haven’t bought Bud Light in twenty years or more, and won’t start now, so I won’t be much help this time.
Not a fan of A-B, but don’t read TOO much into price fluctuations until the drop is something outside the normal range.
Date Open High Low Close* Adj Close** Volume
Apr 12, 2023 64.40 64.52 63.56 64.10 64.10 2,510,892
Mar 31, 2023 66.99 67.09 66.39 66.73 66.73 1,393,500
Mar 13, 2023 59.55 60.18 59.43 59.48 59.48 1,997,200
Oct 26, 2022 46.66 47.71 46.63 47.22 47.22 1,481,900
Their beers:
Their craft beers:
Other products:
These are all screenshots that I took directly from their website.
https://www.anheuser-busch.com/brands