Is it 1999 again? There is a stock split announcement from Monster Beverage Corporation (NASDAQ: MNST). The company’s board of directors approved a stock split, on a 2-f0r-1 basis, for its common stock.
The split will be paid out as a 100% stock dividend and the payable date is February 15, 2012 for each share held as of the close of February 6, 2012.
With a $92.40 share price and a 52-week trading range of $52.69 to $98.36, this is a stock split that might make sense even if fundamentally changes nothing.
Monster’s market capitalization rate is $8 billion as of now. Chances are that if you haven’t seen Monster drinks around that you either haven’t been looking or that you have been hiding in a cave.
Shares closed down 3% at $92.40 today and the stock is up 1.7% in the after-hours trading session. After looking through the quote recap history, this appears to be the first stock split.
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