Bud Light had a year to forget in 2023, but a social media post by Donald Trump absolving the brand's owner, Anheuser-Busch, of wokeness has helped the company's stock. - Dreamstime/Dreamstime/TNS
ST. LOUIS — Anheuser-Busch InBev stock prices are inching closer to what they were last year before sales tanked, thanks at least in part to a recent endorsement by former President Donald Trump.
Trump praised the company on social media on Tuesday, helping push Anheuser-Busch stock prices up about $2, or almost 3%, that day. And they have continued to increase, closing at $65.61 on Thursday, close to last year’s high of $67.09 a share.
Still, experts say it is too early to tell if Trump’s seal of approval will impact beer sales.
