Monster Beverage Corporation (MNST) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $63.96 to $69.07 since Jul 15, 2014.
The company has seen six negative and two positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. 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 0.00%.
Some better-ranked beverages-soft drink makers include Coca-Cola Amatil Limited (CCLAY), Dr Pepper Snapple Group, Inc. (DPS) and Primo Water Corporation (PRMW). All these stocks have a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment