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Fly News Breaks for January 18, 2019
Jan 18, 2019 | 07:46 EDT
UBS analyst Sean King attended the Monster Beverage investor meeting and came away unconvinced that management has figured out a profitable strategy for China and seems content with share losses in the ever increasing competitive energy drink market. He noted costs are also on the rise, adding to his caution. King reiterated his Sell rating and $48 price target on Monster Beverage shares.
News For MNST From the Last 2 Days
Feb 22, 2019 | 07:35 EDT
Notable call activity was cited Thursday in Weatherford (WFT), Kroger (KR), Intelsat (I), Boston Scientific (BSX), Oasis Petroleum (OAS), Monster Beverage (MNST), LKQ Corp. (LKQ), Delek US (DK), Alamos Gold (AGI), and American Public Education (APEI).
Feb 21, 2019 | 11:07 EDT
Monster Beverage option volume spikes to 3X daily average amid active trading in one-day calls. The stock up 40c to $59.10 and Feb 22nd 59.5 calls trade in small lots from 20 to 40c per contract. 2.2K changed hands against 17 open interest. 1K Feb 22nd 60 calls also traded. Overall volume lopsided 13:1 at 3.9K calls and 290 puts. 87% of the flow is in the expiring-tomorrow Feb 22nd term. Earnings not due until next week, 2/27 after market.