By Stephen Nakrosis 
 

The American depository receipts of brewer Anheuser-Busch InBev S.A. (BUD) are trading higher on the New York Stock Exchange Thursday, after the company reported rising sales of beer.

At 2:35 p.m. ET, the company's ADRs had gained 4.11% to trade at $99.50. Volume was heavy, with more than 4.9 million ADRs trading, above the 65-day average volume of some 1.4 million. The price of the ADRs earlier hit a 52-week high of $102.70.

The ADRs of Ambev SA (ABEV), a subsidiary of Anheuser-Busch InBev, also were trading higher on the NYSE Thursday. They had gained 9.3% to trade at $5.17. Volume was heavier than usual, with more than 42 million ADRs trading, above the 65-day average volume of 24.3 million.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 25, 2019 15:00 ET (19:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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