Monster Beverage Corporation Stock Price Could Go Up After Today’s Bullish Options Activity

 Monster Beverage Corporation Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Monster Beverage Corporation (MNST) registered an unusually high (20,587) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MNST increase. With 20,587 contracts traded and 254 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MNST161118C00042000 closed last at: $0.3 or 68.4% down. About 179,373 shares traded hands. Monster Beverage Corporation (NASDAQ:MNST) has declined 2.79% since April 14, 2016 and is downtrending. It has underperformed by 7.47% the S&P500.

Monster Beverage Corporation (NASDAQ:MNST) Ratings Coverage

Out of 18 analysts covering Monster Beverage Corp (NASDAQ:MNST), 13 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 72% are positive. $185 is the highest target while $117 is the lowest. The $161.81 average target is 281.99% above today’s ($42.36) stock price. Monster Beverage Corp has been the topic of 36 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded the stock to “Conviction Buy” rating in Wednesday, March 16 report. On Friday, November 13 the stock rating was maintained by Susquehanna with “Neutral”. As per Monday, July 27, the company rating was upgraded by TheStreet. Stifel Nicolaus maintained the shares of MNST in a report on Friday, November 4 with “Buy” rating. The stock of Monster Beverage Corporation (NASDAQ:MNST) has “Buy” rating given on Tuesday, November 10 by Argus Research. Citigroup maintained Monster Beverage Corporation (NASDAQ:MNST) on Friday, August 7 with “Buy” rating. As per Thursday, September 24, the company rating was upgraded by Goldman Sachs. BMO Capital Markets maintained Monster Beverage Corporation (NASDAQ:MNST) rating on Monday, August 10. BMO Capital Markets has “Outperform” rating and $165 price target. The rating was upgraded by Morgan Stanley on Thursday, August 13 to “Overweight”. The stock of Monster Beverage Corporation (NASDAQ:MNST) earned “Neutral” rating by Bank of America on Tuesday, March 22.

According to Zacks Investment Research, “Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries market and distribute energy drinks, including Monster Energy(R) energy drinks, Monster Energy Extra Strength Nitrous Technology(R) energy drinks, Java Monster(R) non-carbonated coffee + energy drinks, M3(R) Monster Energy(R) Super Concentrate energy drinks, Monster Rehab(R) non-carbonated energy drinks with electrolytes, Muscle Monster(R) Energy Shakes, Ubermonster(R) energy drinks, NOS(R) energy drinks, Full Throttle(R) energy drinks, Burn(R) energy drinks, Samurai(R) energy drinks, Relentless(R) energy drinks, Mother(R) energy drinks, Power Play(R) energy drinks, BU(R) energy drinks, Nalu(R) energy drinks, BPM(R) energy drinks, Gladiator(R) energy drinks, and Ultra(R) energy drinks.”

MNST Company Profile

Monster Beverage Corporation, incorporated on April 25, 1990, is a holding firm and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries market and distribute energy drinks, including Monster Energy energy drinks, Monster Energy Extra Strength Nitrous Technology energy drinks, Java Monster non-carbonated coffee + energy drinks, M3 Monster Energy Super Concentrate energy drinks, Monster Rehab non-carbonated energy drinks with electrolytes, Muscle Monster Energy Shakes, Ubermonster energy drinks, NOS energy drinks, Full Throttle energy drinks, Burn energy drinks, Samurai energy drinks, Relentless energy drinks, Mother energy drinks, Power Play energy drinks, BU energy drinks, Nalu energy drinks, BPM energy drinks, Gladiator energy drinks, and Ultra energy drinks.

More recent Monster Beverage Corporation (NASDAQ:MNST) news were published by: Seekingalpha.com which released: “The Future Looks Bright For Monster Beverage Corp.” on November 15, 2016. Also Nasdaq.com published the news titled: “Commit To Buy Monster Beverage Corp At $110, Earn 3.6% Using Options” on October 20, 2016. Wsj.com‘s news article titled: “Monster Beverage Sales Growth Slows” with publication date: November 03, 2016 was also an interesting one.

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