business newsThe Midday S&P 500: FDA Report Is Poison for Monster Beverage's Stock Price
By
Anthony Shields Oct 22, 2012 3:00 pm
Plus, despite its recent success, investors are betting against VF Corp.
PRINT
MINYANVILLE ORIGINAL Today the S&P 500 (INDEXSP:.INX) is down .62% to 1,425.31 as of 2:30 p.m. EDT. Today’s big winner is Peabody Energy (NYSE:BTU), which rose 9.66% to $28.66 per share due to its overly positive estimates on natural gas profitability. In contrast, the apparel company VF Corp. (NYSE:VFC) is down by 5.06% to $158.26 per share despite reports that the company beat estimates on a 25% rise in revenue. Today’s big loser is Monster Beverage Corp (NASDAQ:MNST), which has fallen by 13.43% to $46.16 per share after reports from the FDA alleged that its energy drink has killed five people in the past year.
No positions in stocks mentioned.
Daily Recap
Everything you need to know for the next trading day.
Trading Radar (weekly)
Your road map to all the events that will effect financial markets in the week ahead.
Name
Email
*
Phone
* required field
