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Why Ambev Stock Popped Today

·2 min read
Why Ambev Stock Popped Today
In this article:
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  • ABEV
  • BUD

Shares of Ambev (NYSE: ABEV) were moving higher today after the Brazilian brewer owned by Anheuser-Busch InBev (NYSE: BUD) posted strong results in its third-quarter earnings report. Ambev experienced broad-based growth with key markets like Brazil, Central America, and Latin America South all growing volume by 8% or more, though Canadian sales declined. Ambev didn't offer guidance for the fourth quarter, but the ongoing reopening looks promising for the company as does the momentum in most of its markets.