What's Going On With Celsius Holdings Shares Tuesday?
Portfolio Pulse from Vaishali Prayag
Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading lower on Tuesday after Truist Securities initiated coverage with a Hold rating and a $60 price target, and Morgan Stanley maintained an Equal-Weight rating with a $68 price target. Despite beating EPS estimates last quarter, revenue fell short. The stock saw a significant increase in trading volume.
June 25, 2024 | 7:54 pm
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NEGATIVE IMPACT
Celsius Holdings shares fell 6.45% after Truist Securities initiated coverage with a Hold rating and a $60 price target, and Morgan Stanley maintained an Equal-Weight rating with a $68 price target. The company reported better-than-expected EPS but missed revenue estimates last quarter. Trading volume was significantly higher than average.
The mixed analyst ratings and revenue miss are likely contributing to the negative sentiment around the stock, causing the price to drop. The high trading volume indicates significant investor interest and reaction to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100