Monster Beverage Corporation (MNST) was a big mover last session, as the company saw its shares rise over 30% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $63.96 to $71.65 in the past one-month time frame.
The company has seen eight positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead for Monster Beverage. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Monster Beverage currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the beverages-soft drinks sector include Dr Pepper Snapple Group, Inc. (DPS), Pepsico, Inc. (PEP) and Primo Water Corporation (PRMW). All these stocks have a Zacks Rank #2 (Buy).
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MONSTER BEVERAGE CORP (MNST): Free Stock Analysis Report
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