Why Monster Beverage Stock Jumped on Thursday
Investors in Monster Beverage (NASDAQ: MNST) were feeling energized on Thursday. The stock jumped 5% by 2 p.m. ET today compared to a 0.4% uptick in the wider market, according to data provided by S&P Global Market Intelligence.
The beverage giant's shares are still trailing the S&P 500 in the past year, though, rising 15% through late February compared to the index's 28% rally.
Thursday's spike was powered by good news on the earnings front.
Source Fool.com
