What's Going On With Celsius Holdings Stock?
Portfolio Pulse from Adam Eckert
Celsius Holdings Inc (NASDAQ:CELH) shares are trading higher due to continued momentum after the company announced a three-for-one stock split last week. The company is also set to report earnings before the market opens on Tuesday. Analysts expect the company to report earnings of 47 cents per share and revenue of $349.549 million.
November 06, 2023 | 3:07 pm
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Celsius Holdings' stock is trading higher due to the announcement of a three-for-one stock split and the upcoming earnings report. The stock split could attract more investors, while the earnings report could influence the stock price depending on the results.
The announcement of a stock split usually leads to a positive reaction in the market as it makes the stock more affordable for retail investors. This, combined with the anticipation of the earnings report, is likely driving the stock price higher. The actual impact will depend on the earnings results.
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