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Why Monster Beverage Stock Surged 5% on June 8

Sharon Bailey
Updated
Why Monster Beverage Stock Surged 5% on June 8

Monster Beverage (MNST) stock rose 5.0% on June 8 in response to positive statements made by the company’s CEO at the annual shareholder meeting. In an update provided to the investors, the company’s chairman and CEO, Rodney Sacks, disclosed that Monster Beverage is performing well in the US market with gains in market share and higher sales in non-traditional channels like foodservice accounts and e-commerce. Monster Beverage is expected to increase the prices of its products to combat increasing costs.

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