Shares of Monster Beverage Corp.
inched 0.32% higher to $85.60 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. The stock's rise snapped a five-day losing streak. Monster Beverage Corp. closed $14.29 short of its 52-week high ($99.89), which the company achieved on August 10th.
The stock underperformed when compared to some of its competitors Thursday, as Coca-Cola Co.
rose 0.68% to $54.61 and PepsiCo Inc.
rose 0.80% to $159.26. Trading volume (3.6 M) eclipsed its 50-day average volume of 1.6 M.