Monster Beverage stock rises 1.85% and outperforms competitors
Updated
Updated · MarketWatch · May 6
Monster Beverage stock rises 1.85% and outperforms competitors
15 articles · Updated · MarketWatch · May 6
Shares closed at $77.20 on Wednesday, marking a second straight gain as the S&P 500 rose 1.46% and the Dow added 1.24%.
Monster outpaced Coca-Cola, up 0.96%, PepsiCo, up 0.59%, and Starbucks, up 1.43% during the broadly positive session.
The stock remains 11.65% below its 52-week high of $87.38 reached on 27 February, while trading volume of 4.3 million stayed below its 50-day average of 5.4 million.
As regulators target youth sales and insiders sell shares, is Monster Beverage's high valuation truly sustainable?
Can Monster's pivot to alcohol and acquisitions outrun the growing threats to its core energy drink empire?