What the Options Market Tells Us About Celsius Holdings
Portfolio Pulse from Benzinga Insights
Celsius Holdings (NASDAQ:CELH) has seen significant options trading activity, indicating a split sentiment among big-money investors, with 50% bullish and 50% bearish. The trading volume and open interest suggest a focus on a price range between $55.0 and $115.0. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently down by -1.0%, with a trading volume of 3,635,038 and an RSI indicating potential overbought status. Analyst ratings are mixed, with a consensus target price of $79.0.
March 01, 2024 | 4:32 pm
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NEUTRAL IMPACT
Celsius Holdings has seen a mix of bullish and bearish options trading, indicating uncertainty among investors. The company's partnership with PepsiCo and its position in the energy drink market are key factors. Analyst ratings vary, with a consensus target price of $79.0.
The split sentiment in options trading reflects uncertainty, but the strategic partnership with PepsiCo and the current analyst ratings suggest a stable outlook. The stock's slight downturn and potential overbought status may temper short-term expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100