NEW YORK, NY / ACCESSWIRE / January 9, 2019 / U.S. equities closed up on Tuesday as market participants await details from the recent negotiations in Washington between
According to the strategists at MRB Partners, "The U.S.-China power struggle will persist for years, but both economies are now slowing and neither government has the latitude to pursue policies that could threaten to trigger a global recession. The Argentina handshake will morph into a near-term truce."
The Market Edge Initiates Coverage on:
Monster Beverage Corporation
National Beverage Corp.
Monster Beverage’s stock jumped 6.23% Tuesday, to close the day at $52.83. The stock recorded a trading volume of 6,029,184 shares, which was above its three months average volume of 3,556,014 shares. In the last year, Monster Beverage’s shares have traded in a range of 47.61 - 70.22. The share price has gained 10.96% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $53.95 is below its 200-day moving average of $56.98. Shares of the company are trading at a Price to Earnings ratio of 31.47. Shares of Monster Beverage have fallen roughly 7.98 percent in the past month and are up 7.73 percent year-to-date.
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On Tuesday, shares of National Beverage recorded a trading volume of 484,868 shares, which was above the three months average volume of 247,327 shares. The stock ended the day 6.76% higher at $79.23. The share price has fallen 37.77% from its 52
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The Market Edge
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SOURCE: The Market Edge