Monster Beverage stock slides 1.59% in market downturn
Updated
Updated · MarketWatch · May 7
Monster Beverage stock slides 1.59% in market downturn
10 articles · Updated · MarketWatch · May 7
Shares closed at $75.97 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
The decline ended a two-day winning streak and left the stock 13.06% below its 52-week high of $87.38 reached on 27 February.
Against peers, Coca-Cola fell 1.01% and Starbucks dropped 2.05%, while PepsiCo edged up 0.21%, showing mixed performance across beverage and consumer stocks.
As rising costs squeeze profits, can Monster's record sales growth continue to fuel its stock price?
Can Monster's new female-focused drink win over wellness-conscious consumers from fast-growing rivals like Celsius?