Monster Beverage Corporation ( MNST ) saw a big move last session, as the company's shares fell by more than 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for MNST, as the stock is now up more than 30% in the past one-month time frame.
Although this slump was obviously disappointing, the company has seen 8 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for MNST. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
MNST currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.
Some better-ranked stocks in the Consumer Goods sector include Dr Pepper Snapple Group, Inc. ( DPS ), Pepsico, Inc. ( PEP ) and True Drinks Holdings, Inc. ( TRUU ). All these stocks carry a Zacks Rank #2 (Buy).
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