Monster Beverage's Expansion Strategy Aids: Apt to Hold the Stock?
MNSTMonster(MNST) ZACKS·2024-09-20 02:11

Shares of Monster Beverage Corporation (MNST) have gained 11.2% in the past month, outperforming the Zacks Beverages – Soft Drinks industry’s 2.8% growth, broader Consumer Staples sector’s return of 2.7% and the S&P 500 index’s 0.4% rise. This outperformance is attributed to the company’s expansion strategy and continued strength in its energy drinks category.Currently priced at 52.35,MNSTstockistradingat14.552.35, MNST stock is trading at 14.5% to its 52-week high of 61.23. However, it is trading at a 20.8% premium to its 52-week low ...