Shares of Monster Beverage Corporation (NASDAQ:MNST) Sees Large Outflow of Money

Monster Beverage Corporation (NASDAQ:MNST): The stock had negative money flow to the tune of ($8.59 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $32.57 million, whereas, the outflow of money on downticks was $41.16 million and the ratio between the two was 0.79. The block trade had a negative net money flow of ($9.33 million). The total block trade value undertaken on upticks was $5.05 million. On the other hand, downticks amounted to $14.38 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.35. Monster Beverage Corporation (NASDAQ:MNST) closed with marginal gains of 339 cents to end the day at $157.85, an increase of 2.19% over the previous days close. The stock recorded 2.87% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Schlosberg Hilton H, director officer (Vice Chairman and President) of Monster Beverage Corp, had unloaded 2,001,350 shares at an average price of $156 in a transaction dated on June 15, 2016. The total value of the transaction was worth $312,210,600. Currently the company Insiders own 10.2% of Monster Beverage Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -36.93% . Institutional Investors own 66.81% of Monster Beverage Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -36.93%.

The company shares have rallied 14.84% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $160.50 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $152.43 and the 200 Day Moving Average price is recorded at $139.98. Monster Beverage Corporation (NASDAQ:MNST): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $154.89 and $154.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $157.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $157.85, notching a gain of 2.19% for the day. The total traded volume was 980,915 . The stock had closed at $154.46 on the previous day.

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