Shares of Monster Beverage Corp. /zigman2/quotes/205899417/composite MNST +2.80% shed 1.09% to $84.75 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.07% rising 0.57% to 4,155.38 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.27% rising 0.26% to 33,061.50. This was the stock's second consecutive day of losses. Monster Beverage Corp. closed $15.14 below its 52-week high ($99.89), which the company achieved on August 10th.
Despite its losses, the stock outperformed some of its competitors Monday, as Coca-Cola Co. /zigman2/quotes/209159848/composite KO +0.72% fell 1.81% to $63.44 and PepsiCo Inc. /zigman2/quotes/208744353/composite PEP +1.66% fell 2.30% to $167.76. Trading volume (3.5 M) eclipsed its 50-day average volume of 3.1 M.