Celsius Holdings Stock Is Tumbling Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower due to negative Nielsen data indicating a slowdown in sales growth and a decline in market share. Morgan Stanley's note highlights these concerns but maintains a positive long-term outlook.
May 28, 2024 | 3:08 pm
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NEGATIVE IMPACT
Celsius Holdings shares are down 15.3% due to negative Nielsen data showing a slowdown in sales growth and a decline in market share. Morgan Stanley's note highlights these concerns but maintains a positive long-term outlook.
The negative Nielsen data indicating a slowdown in sales growth and a decline in market share has led to a significant drop in Celsius Holdings' stock price. Morgan Stanley's note adds to the negative sentiment, although it maintains a positive long-term outlook. This combination of factors is likely to result in short-term downward pressure on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100