This Is What Whales Are Betting On Celsius Holdings
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on Celsius Holdings (NASDAQ:CELH), with options trading indicating a mix of bullish (36%) and bearish (63%) expectations. Significant trading activity has been observed, with puts and calls aiming for a price range of $60 to $100. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently down by -0.64%, with an average price target of $75 set by analysts.
April 16, 2024 | 3:46 pm
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NEGATIVE IMPACT
Celsius Holdings sees bearish options activity with a notable volume of puts over calls, despite a strategic partnership with PepsiCo and a slight analyst optimism.
The bearish options activity, despite a strategic partnership with PepsiCo and a stable analyst target, suggests market skepticism about short-term growth. The stock's slight dip and the mix of bullish and bearish trades reflect uncertainty, potentially impacting the stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100