Monster Beverage Corp (MNST): Today's Featured Food & Beverage Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Monster Beverage (MNST) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day down 1.0%. By the end of trading, Monster Beverage fell $0.97 (-1.4%) to $65.78 on light volume. Throughout the day, 998,203 shares of Monster Beverage exchanged hands as compared to its average daily volume of 1,521,800 shares. The stock ranged in price between $65.38-$67.51 after having opened the day at $67.08 as compared to the previous trading day's close of $66.75. Other companies within the Food & Beverage industry that declined today were: Key Technology (KTEC), down 14.8%, China New Borun (BORN), down 5.4%, Farmer Bros (FARM), down 4.4% and Concha y Toro Winery (VCO), down 4.1%.
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