Monster Beverage stock falls on strained Coca-Cola deal, despite Q3 beat

Shares of Monster Beverage (MNST) fell sharply after it hinted at a crack in its relationship with rival and partner Coca-Cola Company (KO), triggering concerns of stiffer competition between the beverage makers in the coming months. Earlier, the company reported better-than-expected earnings and revenues for the third quarter, reflecting the consistent demand for its products. … Continue reading Monster Beverage stock falls on strained Coca-Cola deal, despite Q3 beat