Heavy Trading On Monster Beverage (MNST) Before Market Open

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Trade-Ideas LLC identified Monster Beverage ( MNST) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Monster Beverage as such a stock due to the following factors:

  • MNST has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $139.1 million.
  • MNST traded 197,829 shares today in the pre-market hours as of 8:03 AM, representing 12.2% of its average daily volume.

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More details on MNST:

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. It operates in two segments, Direct Store Delivery and Warehouse. MNST has a PE ratio of 30.3. Currently there are 6 analysts that rate Monster Beverage a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Monster Beverage has been 1.4 million shares per day over the past 30 days. Monster Beverage has a market cap of $11.8 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of -0.05 and a short float of 1.8% with 2.05 days to cover. Shares are up 5% year-to-date as of the close of trading on Wednesday.

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