Monster Beverage Aktie News

CORONA, Calif., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase of up to an additional $500.0 million of the Company's outstanding common stock. As of August 19, 2024, no amount remained available for repurchase under the Company's previously authorized repur...

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Monster's stock is down 20% year-to-date in 2024 and Celsius has fallen 30%. Celsius' health focus has worked wonders so far, but how much staying power is there in that idea?

Monster missed estimates on the top and bottom lines. Management blamed broader weakness in demand at the industry level.

Monster Beverage Corp. was one of the S&P 500's biggest laggards on Thursday after the energy-drink maker's quarterly results, reported Wednesday, spooked investors.

Consumer stocks are feeling the pressure of high inflation, with consumer sentiment hitting an eight-month low at the end of July.

Monster Beverage (MNST) shares sank Thursday, a day after co-Chief Executive Officer (CEO) Hilton Schlosberg acknowledged headwinds in the energy drinks sector in the company's second-quarter earnings report.

The energy-drink maker is on track for its largest percent decrease since March 2018.