Not a bad day for Chairman and CEO of Monster Beverage Corp (MNST) Rodney C Sacks, who sold 189,861 shares of MNST on 12/26/2017 at an average price of $63.92 a share. The total sale was $12.1 million.
The same amount of shares would have fetched about $10,000 just 20 years ago, around the time Bill Clinton denied he had “sexual relations” with former White House intern Monica Lewinsky, proving sometimes you have to let your winners run, even if you’re up 2-3 fold and always cut your losses short!
It was also the same year the Dow Jones index dropped 512 points in a single day, finishing at 7539. That brought the drop to close to 20% lower from the earlier high on July 17th that same year when the Dow stood at 9337. The fall has been blamed on problems with the Russia financial markets and worry over the latest US economic figures which indicate a slowdown in the US economy.
Panic over nothing we suppose. Not to mention who knew what would happen in 1999, 2000..oh those were the good old days.
Oh wait, kinda like today!