Shares of Monster Beverage Corp. MNST, -0.12% sank 0.55% to $95.39 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, -0.33% rising 0.23% to 4,468.73 and the Dow Jones Industrial Average DJIA, -0.62% rising 0.76% to 34,869.63. This was the stock’s third consecutive day of losses. Monster Beverage Corp. closed $4.50 short of its 52-week high ($99.89), which the company reached on August 10th.
The stock underperformed when compared to some of its competitors Monday, as Coca-Cola Co. KO, -0.06% rose 0.83% to $56.07, PepsiCo Inc. PEP, -0.36% rose 0.19% to $155.76, and Coca-Cola Europacific Partners PLC CCEP rose 1.29% to $59.06. Trading volume (1.3 M) remained 272,826 below its 50-day average volume of 1.6 M.