Monster Beverage Corp (MNST): Hilton H Schlosberg , Vice Chairman and President of Monster Beverage Corp sold 2,001,350 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $156.00 per share for a total value of $312210592 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Rodney C Sacks (Chairman and CEO) sold 2,396,288 shares at $156.00 per share price.On Jun 14, 2016, Harold C Jr Taber (director) sold 5,000 shares at $154.26 per share price.Also, On Dec 3, 2015, Thomas J Kelly (Senior VP – Monster Energy Co.) sold 26,033 shares at $157.89 per share price.On Apr 24, 2015, Hilton H Schlosberg (Vice Chairman and President) sold 76,876 shares at $140.21 per share price.
Monster Beverage Corporation: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Monster Beverage Corporation which led to swings in the share price. The shares opened for trading at $153.8 and hit $155.5 on the upside , eventually ending the session at $153.63, with a gain of 0.42% or 0.65 points. The heightened volatility saw the trading volume jump to 17,05,345 shares. The 52-week high of the share price is $160.5 and the company has a market cap of $31,193 M . The 52-week low of the share price is at $113.08.
Company has been under the radar of several Street Analysts.Monster Beverage Corporation is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 170 from a previous price target of $168 .The Rating was issued on May 2, 2016.Monster Beverage Corporation is Initiated by BofA/Merrill to Neutral and the brokerage firm has set the Price Target at $144. The Rating was issued on Mar 22, 2016.