Monster Beverage Corporation (MNST) was a big mover last session, as the company saw its shares surge over 13% on the day. The gain can be owing to the company’s upbeat fourth-quarter 2014 earnings. This rally higher can be attributable to solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has gained 20.7% in the past one-month time frame.
The company has seen 5 positive estimate revisions in the past one month, while its Zacks Consensus Estimate moved higher over the same period, suggesting that more solid trading could be ahead. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Monster Beverage currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the same industry includes Coca-Cola Amatil Limited (CCLAY) carrying a Zacks Rank #2 (Buy).
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