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Why Monster Beverage's Shares Went Up 16.3% in May

·3 min read
Why Monster Beverage's Shares Went Up 16.3% in May
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Shares of Monster Beverage (NASDAQ: MNST) went up 16.3% in May, according to data provided by S&P Global Market Intelligence. The energy drink company saw continued demand for its portfolio of beverages during the first quarter, though growth may stumble temporarily due to weaker demand in April. Monster Beverage released a strong set of numbers in early May for its first-quarter 2020 earnings report.