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Why is Monster Beverage Corp. (MNST) Stock down?

28 Mar, 2023:

The company decided to make 2-for-1 stock split, it would mean that the company has increased the number of its outstanding shares by issuing new shares to its existing shareholders. For every one share of MNST that a shareholder owned prior to the split, they would now own two shares after the split.

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beverages_non_alcoholic KOF
$99.61
price up icon 0.95%
$73.16
price up icon 2.12%
$822.44
price down icon 1.03%
$43.56
price up icon 0.11%
$18.95
price up icon 0.53%
Cap:     |  Volume (24h):