| Followers | 679 |
| Posts | 141057 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Tuesday, June 14, 2022 8:04:05 PM
By: Davit Kirakosyan | June 14, 2022
Monster Beverage Corporation (NASDAQ:MNST) announced that its Board of Directors has authorized a new share repurchase program of up to an additional $500 million of its common stock. The company has approximately $157.4 million worth of shares remaining available for repurchase as of June 14, 2022 under its previously authorized repurchase program.
The share repurchase announcement came ahead of the company's annual meeting, scheduled for today at 5:30PM EST. The move was widely expected by analysts given the company's rising cash hoard.
Shares of Monster Beverage rose 4% intra-day Tuesday into the event and related to news that rival Red Bull is raising prices by 7%.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent MNST News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
