Why did Bud Light stock lose value?

At the time of publication, shares of Bud Light were standing at $54.85 ahead of the market open on June 5 after closing up 1.9% on Friday, June 2. Over the past month, the stock lost significant value in the wake of the controversy involving the company’s social media promotion involving the influencer Dylan Mulvaney. BUD 1-day price data.

Could Bud Light stock go on a Bull Run?

Leveraging its forecasting capabilities, Finbold asked Bard on Monday, June 5, to predict the potential stock price of Bud Light owner Anheuser-Busch InBev (NYSE: BUD) for the end of 2023. The chatbot was optimistic about the company’s share price, citing several factors that could send BUD on a bull run.

Will bud's share price go down in 2023?

Last month, senior analyst L. Burke Files said he expects BUD’s share price to be at $42.25 at the end of 2023, implying a possible downside of around 23%. In his analysis, the researcher pointed out the presence of rising volatility within Anheuser-Busch stock.

Did Anheuser-Busch InBev lose sales of Bud Light?

Main image, rainbow bottles of Bud Light are seen during the 30th Annual GLAAD Media Awards New York in New York City on May 4, 2019 and, inset, Anheuser-Busch InBev CEO Michel Doukeris speaks following a shareholders' meeting in Brussels on April 27, 2022. Doukeris has said it was "too early to have a full view" on declining sales of Bud Light.