Monster Beverage Stock Pops After The Bell: What's Going On?
Portfolio Pulse from Adam Eckert
Monster Beverage Corp (NASDAQ:MNST) announced a new $500 million share repurchase program, boosting its stock in after-hours trading. This comes after a recent drop due to disappointing earnings.
August 19, 2024 | 8:52 pm
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Monster Beverage's stock rose in after-hours trading following the announcement of a $500 million share buyback program. This move comes after a recent decline due to disappointing earnings.
The announcement of a $500 million share buyback program is a positive signal to investors, indicating confidence from the company's board. This is likely to support the stock price in the short term, especially after a recent decline due to poor earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100