Shares of energy drink producer Monster Beverage (NASDAQ: MNST) jumped as much as 6.3% in Friday's trading, before settling down to a milder 4.8% gain at 2:40 p.m. EDT. Several analyst firms walked away from Monster's annual shareholder meeting with the impression that it probably will raise unit prices by the end of the year.In a research note published early Friday morning, analyst firm Stifel Nicolaus noted that Monster's sales growth should continue tracking near 10% throughout 2018, while gross margins are expanding.
Why Monster Beverage Corp. Shares Sparkled On Friday
newsfeedback@fool.com (Anders Bylund), The Motley Fool
Fri, 06/08/2018 - 12:00pm
BING NEWS:
- Monster Beverage Corp. stock rises Friday, still underperforms market
Shares of Monster Beverage Corp. MNST inched 0.15% higher to $54.06 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.35% ...
11/22/2024 - 8:52 am | View Link - Monster Beverage Corp. stock rises Thursday, still underperforms market
Monster Beverage Corp. closed $7.25 short of its 52-week high ($61.23), which the company achieved on March 13th.
09/12/2024 - 1:15 pm | View Link - More
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