Summary Box: Monster Beverage's stock ride

Summary Box: Monster Beverage's stock soars, falls on rumor of Coca-Cola buyout

Associated Press

THE RUMOR: Monster Beverage Corp.'s shares soared to their highest trading levels ever Monday following a report by The Wall Street Journal that Coca-Cola Co. was considering buying the energy drink maker.

THE DENIALS: Monster declined to discuss the matter, citing company policy. Late in the day, Coca-Cola denied the rumors outright. Coca-Cola said it's always talking with Monster about the two companies' distribution agreement, but they're not discussing an acquisition.

THE STOCK: Shares of Monster spiked to $83.96, but ended the day down 53 cents at $65. They've traded between $30.76 and $65.94 the past 52 weeks.

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