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Is it Time to Dump Monster Beverage Corp (MNST) Stock After it Is Up 7.10% in a Week?

Wednesday, August 05, 2020 01:42 PM | InvestorsObserver Analysts

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Is it Time to Dump Monster Beverage Corp (MNST) Stock After it Is Up 7.10% in a Week?

Monster Beverage Corp (MNST) stock has risen 7.10% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Monster Beverage Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MNST!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MNST Stock Today?

Monster Beverage Corp (MNST) stock is trading at $82.80 as of 1:40 PM on Wednesday, Aug 5, a gain of $4.79, or 6.14% from the previous closing price of $78.01. The stock has traded between $81.31 and $83.96 so far today. Volume today is 2,094,895 compared to average volume of 2,035,228.

To see the top 5 stocks in the Beverages - Non-Alcoholic industry click here.

More About Monster Beverage Corp

Monster Beverage is a leader in the energy drink subsegment of the beverage industry. The Monster trademark anchors its portfolio, and notable offerings include Monster Energy, Monster Ultra, and Java Monster. Operationally, the firm is primarily a brand owner, outsourcing most of its manufacturing processes to third-party copackers. It primarily uses the Coca-Cola bottling system for distribution after a strategic agreement in which Coke became Monster's largest shareholder (roughly 19%) and that also included the exchange of certain businesses between the two firms. Most of Monster's revenue is generated in the United States, though international geographies are increasing in the mix as its products' distribution scales across the Coca-Cola network.

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