business newsThe Midday S&P 500 Is Flat Despite Massive Monster Rally
By
Anthony Shields Nov 27, 2012 2:56 pm
Also, Corning Inc. is benefiting from increased electronics sales.
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MINYANVILLE ORIGINAL Today the S&P 500 (INDEXSP:.INX) was up .06% to 1,407.60 as of 2:20 p.m. EST. Leading the movement upward was Monster Beverage (NASDAQ:MNST), which rallied a massive 10.23% to $50.97 per share after reports that the company was seriously undervalued. Also up today was Corning Inc. (NYSE:GLW), which gained 7.72% to $12.17 in response to rising demand for its glass unit LCD sales. On the other side of the spectrum, Seagate Technology (NASDAQ:STX) fell 4.77% to $26.04 per share despite news that Cequel data centers will help sell and promote its Evault back-up and recovery services.
No positions in stocks mentioned.
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