Monster Beverage Trading Volume Plummets 41.23% to 362nd Rank

On April 10, 2025, Monster Beverage Corporation (MNST) experienced a significant drop in trading volume, with a total of $338 million in shares traded, marking a 41.23% decrease from the previous day. This decline placed Monster at the 362nd position in terms of trading volume among all stocks for the day. The stock price of Monster Beverage Corporation also decreased by 0.82%.

Monster Beverage Corporation has strongly refuted claims made by Spruce Point Capital Management in a recent report. The company's co-CEOs, Rodney Sacks and Hilton Schlosberg, described the report as containing "false and misleading" characterizations about the company's business and financial health. They emphasized that Monster's financial statements are accurate and comply with Securities and Exchange Commission regulations.

Monster Beverage is currently facing challenges in the energy drink market, including declining sales and increased competition from healthier alternatives. The company also reported $130 million in impairment charges related to its alcoholic beverage segment in the most recent financial quarter, with excess inventory valued at $4.1 million. Additionally, co-CEO Rodney Sacks announced his intention to step down from his position in June, leaving Hilton Schlosberg as the sole head of the company.