Why Anheuser-Busch InBev Stock Plunged 15% in October
Shares of Anheuser-Busch InBev (NYSE: BUD) dropped 15.1% last month, according to data from S&P Global Market Intelligence.
The beer giant is coming off a successful spinoff of its Asian brewing business, which IPO'd in September. Anheuser-Busch raised about $5 billion from the offering. However, investor sentiment turned sour after issuing disappointing third-quarter earnings on Oct. 25, sending the shares tumbling for the month.
Premium brands like Michelob Ultra are the company's most important growth drivers. Image source: Anheuser-Busch Inbev.
Source Fool.com
