Monster Beverage Corporation (NASDAQ:MNST) has climbed 1.59% in the past week and advanced 5.46% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.81% and the outperformance has advanced to 4.5% for the last 4 weeks period.
Monster Beverage Corporation (NASDAQ:MNST): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $155.51 and $154.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $156.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $155.98, notching a gain of 0.10% for the day. The total traded volume was 2,508,667 . The stock had closed at $155.82 on the previous day.
The company shares have rallied 16.65% 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 $149.98 and the 200 Day Moving Average price is recorded at $140.20.
On the companys insider trading activities, Schlosberg Hilton H, director officer (Vice Chairman and President) of Monster Beverage Corp, unloaded 2,001,350 shares at an average price of $156 on June 15, 2016. The total amount of the transaction was worth $312,210,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Bank of America initiates coverage on Monster Beverage Corporation (NASDAQ:MNST). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $144 per share. The rating by the firm was issued on March 22, 2016. Currently the company Insiders own 10.2% of Monster Beverage Corporation shares according to the proxy statements. Institutional Investors own 66.8% of Monster Beverage Corporation shares.