As this happened, TD Cowen downgraded its Anheuser-Busch InBev SA/NV ADR [BUD] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. UBS also remained covering BUD and has increased its forecast on June 24, 2024 with a “Buy” recommendation from previously “Neutral” rating. Exane BNP Paribas revised its rating on January 12, 2024. It rated BUD as “a Neutral” which previously was an “an Outperform”.
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Price Performance Review of BUD
On Tuesday, Anheuser-Busch InBev SA/NV ADR [NYSE:BUD] saw its stock fall -0.50% to $53.87. Over the last five days, the stock has lost -2.13%. Anheuser-Busch InBev SA/NV ADR shares have fallen nearly -16.64% since the year began. Nevertheless, the stocks have fallen -15.02% over the past one year. While a 52-week high of $67.49 was reached on 05/17/24, a 52-week low of $53.16 was recorded on 11/29/24. SMA at 50 days reached $60.93, while 200 days put it at $61.24.
Levels Of Support And Resistance For BUD Stock
The 24-hour chart illustrates a support level at 53.67, which if violated will result in even more drops to 53.47. On the upside, there is a resistance level at 54.17. A further resistance level may holdings at 54.47. The Relative Strength Index (RSI) on the 14-day chart is 25.11, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.65%. Stochastics %K at 19.80% indicates the stock is a buying.
How much short interest is there in Anheuser-Busch InBev SA/NV ADR?
A steep rise in short interest was recorded in Anheuser-Busch InBev SA/NV ADR stocks on 2024-11-15, growing by 1.32 million shares to a total of 4.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.1 million shares. There was a rise of 29.84%, which implies that there is a positive sentiment for the stock.
