These rises and falls in value are fairly common for such a large company and could be construed as a normalization of stock prices after the peak in late March. Among Anheuser-Busch's top five investors, three had offloaded a small proportion of their shares in the beverage firm, while two added to their portfolio. O'Brient pointed out on Tuesday that the stock appeared to be rebounding and large investors in the company "remain bullish" about the asset. Video of Bud Light untouched in store goes viral amid Dylan Mulvaney drama.Caitlyn Jenner appears to shade Bud Light, Dylan Mulvaney Amid Controversy.Video of Bud Light poured down the drain viewed 1m times: "Such a shame".Celebrities take sides in Bud Light controversy.On Monday, Samuel O'Brient, a financial markets reporter at InvestorPlace, wrote that the stock drop appeared to be linked to the controversy over the company's partnership with Mulvaney, but that "this fad isn't likely to last long." ET, they were trading at around €59.10, a drop of about 3.3 percent on the previous day. That said, stocks in the company were trading in the high €60 to €61 ($65.50 to $66.70) range until they dropped on April 11, suggesting that if the dip was linked to the Mulvaney uproar, it was a delayed reaction.Īnheuser-Busch stocks rose slightly on Tuesday afternoon before dropping again on Wednesday morning as the European markets opened. ![]() As well as Anheuser-Busch and Nike, they include:Ī post shared by Dylan Mulvaney and Bud Light have also been showered with support from other celebrities and fans, while market analysts believe the impact on the company's share price will be shortlived.Īnheuser-Busch's market capitalization-the total value of its shares- had risen steadily since mid-March, topping out at more than $134 billion on March 31, according to figures by Macrotrends.īy April 10, its market cap had fallen to $130.8 billion. These companies cover everything from fashion and skincare to grocery shopping. Mulvaney's Brand PartnershipsĪccording to the New York Post, Mulvaney has earned more than $1 million through promoting brands on social media. Newsweek has taken a look at the brands Mulvaney has partnered with. In the days since the furor erupted, Mulvaney was unveiled as a sports bra model for Nike, sparking further outrage among her critics. The spokesperson added that the commemorative can "was a gift to celebrate a personal milestone and is not for sale to the general public." Caitlyn Jenner, who transitioned to female in 2015, recommended an alternative beverage brand as she commented on a Twitter post from British influencer Oli London.Ī spokesperson for Bud Light's owner, Anheuser-Busch, has told Newsweek that the "commemorative" can is typical of its work with "hundreds of influencers" across its brands "as one of many ways to authentically connect with audiences across various demographics." ![]() Country music star Travis Tritt reacted by announcing that he would no longer sell Budweiser at his concerts. ![]() ![]() Musician Kid Rock shared footage of himself opening fire on a stack of Bud Light cans. The transgender influencer is weathering ongoing backlash for her recent partnerships with Bud Light and Nike. Dylan Mulvaney is pictured on Februin New York City.
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