NYSE:ABEV 24 October 2025 - 26 November 2025

Updated November 26, 2025 As of the latest data this Wednesday, Ambev’s ADRs on the NYSE trade around $2.52, a small gain of about 0.4% versus Tuesday’s close of $2.51. Intraday, the shares have moved roughly between $2.48 and $2.52 on volume approaching 19 million shares, indicating active trading as investors digest the analyst downgrade. StockInvest

Market Snapshot: In recent days Ambev stock has been flat-to-up. On Oct 24 it traded near $2.20 reuters.com, close to its recent five-week low and well below its 52-week high. Year-to-date returns are modest reuters.com. Volumes have picked up ahead of Q3 earnings and on broader market swings. The slight uptick Oct 24 followed a series of choppy sessions, suggesting investors are watching for catalysts. Recent Developments: No major company-specific news broke in the past week. The focus is squarely on Ambev’s business trends and upcoming Q3 release. Q2 results showed robust margins: net income jumped 15% YoY and normalized EBITDA grew ~9% despite a 4.5% decline in total beer volumes ainvest.com. Management credited aggressive cost controls and higher prices for maintaining ~33% EBITDA margins. It also highlighted growth in digital channels and “Beyond Beer” products to offset stagnating beer volumes ainvest.com ainvest.com.