Yes it has. AB has 1.74 billion shares of stock outstanding.
Stock is down around $8 per share.
Multiply the price reduction times the outstanding shares to see the reduced
market capitalization- in this case 8 times 1.74 billion.
I won’t be happy until AB stock is a penny stock
You have to do the math in the parent company’s stock, InBev in Brussels, in Euros. The stock of BUD is in US dollars and any fluctuations include FX risk and not the fundamentals of the company.
InBev was at EUR60.99 on April 4, 2023. It is currently trading at EUR53.08. This means the company has lost 13% of its market value, or EUR13.8 billion.
By contrast, the FTSE 100 over that same period is basically flat.
She’s on the ropes, Jim.