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Monster Beverage (MNST) in Focus: Stock Gains 12.8%

Monster Beverage Corporation MNST was a big mover last session, as the company saw its shares rise roughly 13% on the day.  Shares moved up after the company reported better-than-expected first quarter 2016 results and announced a buyback program. This led to 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 $122.99 to $134.79 in the past one-month time frame.

This beverage industry stock witnessed one positive estimate revision and one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher lasts.

Monster Beverage has a Zacks Rank #3 (Hold).

However, a better-ranked stock in the same space is Primo Water Corporation PRMW, sporting a Zacks Rank #1 (Strong Buy).

Is MNST going up? Or down? Predict to see what others think: Up or Down

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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
 
PRIMO WATER CP (PRMW): Free Stock Analysis Report
 
MONSTER BEVERAG (MNST): Free Stock Analysis Report
 
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