Hansen Gaps Down On Earnings: Further Fall To Come?

May. 7.07 | About: Monster Beverage (MNST)

Hickey and Walters (Bespoke) submit: Hansen Natural (HANS) is traded down nearly 10% in the premarket after reporting selected financial results. We might note that the stock traded down in a similar fashion (albeit more pronounced) after reporting results in August 2006. On August 7, 2006, the company announced weaker-than-expected sales. That day, the stock gapped down 20% but continued to fall another 7%+ during regular trading hours.

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