Decoding Celsius Holdings's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Celsius Holdings (NASDAQ:CELH) has seen significant options activity, indicating mixed sentiment among high-rolling investors, with 25% bullish and 50% bearish. The activity includes 8 trades, with a notable put for $70,461 and 7 calls totaling $516,917, suggesting a price range of $55.0 to $100.0. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently up 2.48% at $76.22, with neutral RSI indicators and upcoming earnings in 4 days. Analyst ratings from Stifel and Wedbush give an average target price of $92.5.
May 03, 2024 | 7:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Celsius Holdings sees mixed options activity, with a current stock price up and neutral RSI indicators. Analysts have a positive outlook with an average target price of $92.5.
The significant options activity, especially the bullish sentiment among some investors and the positive analyst ratings, suggest a potential short-term upside. The stock's recent performance and the neutral RSI indicators support this view, although the mixed sentiment in options trading adds complexity. The partnership with PepsiCo and the upcoming earnings report are key factors to watch.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100