Monster Beverage Falls After Saying Sales Slowed in April

Monster Beverage Corp., the largest U.S. energy drink maker by sales volume, fell the most in six months after Chief Executive Officer Rodney Sacks said sales growth in April slowed.

The shares fell 6.7 percent to $52.13 at 10:06 a.m. after earlier sliding as much as 11 percent for the biggest intraday decline since Nov. 8. The Corona, California-based company’s shares had risen 7.8 percent this year through the close of regular trading yesterday, compared with a 14 percent gain for the Standard & Poor’s 500 Index.