NEW YORK (AVAFIN) -- Trading of Monster Beverage Corporation options resulted in establishing a new 90-day call volume record, where 7,437 call
contracts exchanged hands between the buyers and the sellers. A total of 4,341 put and 7,437
call contracts was traded raising a 0.58 put/call ratio on shares of MNST
Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
Shares of Monster Beverage Corporation rose $1.12 (+2.32%) to $49.45 in today's trading session.
The price of MNST ranged between $48.16 - $50.22. Volume is 1M in relation to the three
month average volume of 2M shares. MNST is trading below the 50 day
moving average and lower than the 200 day moving average. The stock's 52 week low is $39.99 and 52 week high is $83.96. Performance indicators show that the stock has gained 9.77% within the last quarter.
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