: Bud Light parent Anheuser-Busch’s stock heads for biggest monthly selloff since the start of the COVID pandemic, while shares of rivals have gained

Shares of Anheuser-Busch InBev SA BUD slumped 2.2% in morning trading Wednesday, and was headed toward the lowest close since Nov. 9, 2022, as they continued to feel the weight of declining Bud Light sales amid the consumer backlash from the beer brand’s partnership with a trans influencer. The stock has tumbled 18.0% in May, which puts it on track for the worst monthly performance since it tumbled a record 24.4% in March 2020. That compares with month-to-date gains for the shares of its competitors, as Molson Coors Beverage Co.’s TAP have advanced 3.6%, Boston Beer Co.’s SAM have climbed 5.9% and Constellation Brands Inc.’s STZ have tacked on 4.2%. Meanwhile, the S&P 500 SPX has inched up 0.1% in May.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.