Monster Beverage

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nearest Resistance: $67.50

Nearest Support: $62.50

Catalyst: Takeover Rumors

Alternative drink company Monster Beverage ( MNST) is getting a lot of attention today after the Wall Street Journal reported that Coca-Cola ( KO) was in talks to acquire the company. The news spiked shares of MNST early in the session's trading, but Coke disputed that it was making moves to buy Monster, shoving shares back down near opening levels before the session's close.

>>12 Highest-Rated Consumer Stocks Picked by S&P

Monster has been trying to shop itself out to a larger beverage company for years now, and Coke's positioning as MNST's distribution partner makes KO an obvious suitor. For now, though, it looks like shares of the energy drink maker are too pricey. At this point, Monster's uptrend remains intact -- and ultimately the rumors could do a good job of getting acquisition attention on shares.

If nothing else, yesterday's jump into the mid-$70 range gives Coke a glimpse at what kind of offer shareholders are expecting.

If you liked this article you might like

Brigham Young University Sells Caffeinated Coke Drinks for the First Time Ever

Coca-Cola Is Inching Closer to Monster Beverage Takeover

The Method Behind My Investing Madness: Cramer's 'Mad Money' Recap (Wed 9/6/17)

The Energy Drink You Will Have on Labor Day Has a Shocking Amount of Caffeine

Hottest 3 Things Happening in the Stock Market Right Now