Monster (NASDAQ:MNST) is bucking the trend in the beverage space, as its stock price continues to defy odds by moving higher despite the recent market selloff. Monster Beverage Corp. through its subsidiaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. Prices accelerated higher after Goldman Sachs raised Monster
The Standard and Poor’s 500 rose for the tenth time in the last 11 sessions as the FOMC coalesced in Washington for its September meetings. The benchmark index approached its record high of 1,709.67 as consumer staples, healthcare and technology stocks soared. Microsoft Corporation (NASDAQ:MSFT) led all trade activities after announcing it would boost dividends
Monster Beverage Corporation (NASDAQ:MNST) reported its second quarter earnings after the market close on Thursday. Following the results shares traded sharply lower in the after hours session before working their way higher in pre-market trading on Friday. At the time of this writing shares of the company traded down by 0.66% to $63.05 per share.