Bud Light Maker's Stock Shows Signs Of Reversal Despite Stores Heavily Discounting The Beer
Portfolio Pulse from Melanie Schaffer
Anheuser-Busch Inbev (NYSE:BUD) stock is showing signs of reversal despite ongoing protests against its brand and heavy discounting of its Bud Light beer by retailers. The stock has fallen about 16% since the controversy began on April 1. However, the stock's recent less volatile behavior and an inside bar trading pattern suggest a potential short-term bullish trend.
July 07, 2023 | 6:16 pm
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Anheuser-Busch Inbev's stock shows signs of potential short-term bullish trend despite ongoing protests and heavy discounting of its Bud Light beer.
The stock has fallen about 16% since the controversy began on April 1. However, the stock's recent less volatile behavior and an inside bar trading pattern suggest a potential short-term bullish trend. If the stock breaks up from the current pattern, it could negate the current downtrend.
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IMPORTANCE 80
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