Large Inflow of Money Detected in Monster Beverage Corporation

Monster Beverage Corporation (MNST) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $7.62 million worth of transactions were on upticks, whereas, the downticks accounted for $5.77 million worth of transactions. The net money flow was a positive $1.84 million and the uptick to downtick ratio was 1.32. The net money flow into the stock was $1.89 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.89 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Monster Beverage Corporation (MNST) was trading at $157.27, down $0.1 during day. The stock slid -0.06% over the previous days close. For the week, the stock recorded -2.68% over the previous weeks close.


Also, Goldman Sachs maintains its view on Monster Beverage Corporation (NASDAQ:MNST) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs lowers the price target from $173 per share to $172 per share on Monster Beverage Corporation. The rating by the firm was issued on June 29, 2016.

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 $157.61 and $156.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $158.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $158.11, notching a gain of 0.47% for the day. The total traded volume was 586,492 . The stock had closed at $157.37 on the previous day.

The stock has recorded a 20-day Moving Average of 0.5% and the 50-Day Moving Average is 2.31%. In a related news, 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.

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