A Closer Look at Celsius Holdings's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Celsius Holdings (NASDAQ:CELH) has seen significant options market activity, with a bearish sentiment prevailing among investors. Analysis of 11 trades shows 72% bearish and 27% bullish expectations. Notable options activity targets a price range of $50.0 to $80.0. The company, specializing in energy drinks, has a 20-year distribution agreement with PepsiCo. Analyst ratings vary, with an average price target of $68.33. CELH's stock is up 1.34% at $63.4, with potential overbought indicators and earnings expected in 13 days.
February 15, 2024 | 3:46 pm
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NEUTRAL IMPACT
Celsius Holdings sees bearish options activity, with a price target average of $68.33 by analysts. The stock is currently up, but indicators suggest it may be approaching overbought territory.
The bearish sentiment in the options market, combined with the stock's current performance and analyst ratings, suggests a cautious outlook. However, the stock's recent uptick and the mixed analyst ratings introduce uncertainty, leading to a neutral score.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100