The Monster Stock-Split Stock Nobody Is Talking About
Stock splits have generated a lot of interest over the past several years. Most of the headlines centered on the usual suspects. Search giant Alphabet and e-commerce pioneer Amazon each instituted a 20-for-1 split. Electric vehicle (EV) maker Tesla actually had two over the past couple of years, a 3-for-1 split in 2021 and another in 2022. iPhone-maker Apple also pared its shares, with a 4-for-1 stock split in 2020. While a lot of ink was spilled covering these tech giants, there hasn't been nearly as much coverage of a stock split taking place later this month.
If asked to pick the top-performing stock since 2003, most investors would likely pick one of the aforementioned tech companies -- but they'd be wrong. The winner? Monster Beverage (NASDAQ: MNST), one of the most recognizable names in energy drinks over the past 20 years, has parlayed that name recognition into revenue that grew 6,750%, fueling stock-price gains of more than 155,300%.
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Source Fool.com
