Anheuser-Busch’s stock falls again toward 6-month low, heads for worst month in nearly two years

The U.S.-listed shares of Anheuser-Busch InBev S.A.
BUD,
-1.28%
dropped 1.3% in afternoon trading, which puts them on track for a fourth-straight loss and a six-month low. The Belgium-based beer brewer’s stock has also tumbled 12.46% in May, which would put it on course to suffer the worst monthly performance since it dropped 12.54% in July 2021. The stock has been diving as sales of its Bud Light beer have been falling, following backlash over the brand’s partnership with trans influencer Dylan Mulvaney. Anheuser-Busch’s stock, which is headed for the lowest close since Nov. 25, has declined 5.3% year to date, while the S&P 500
SPX,
+0.88%
has gained 8.0%.