What Happened With Celsius Holdings Stock Today?
Portfolio Pulse from Erica Kollmann
Celsius Holdings, Inc. (NASDAQ:CELH) shares rose on heavy volume despite no specific news, driven by retail investor interest and social media chatter. The stock had hit a 52-week low but bounced back, with a 6.16% increase in regular trading and a 3.57% rise after-hours. The stock has fallen over 60% in the past six months, partly due to PepsiCo scaling back orders. Analysts predict a 75.81% upside by 2025.
October 09, 2024 | 9:39 pm
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Celsius Holdings shares rose significantly on heavy trading volume, driven by retail investor interest and social media discussions. Despite a recent 60% decline, the stock is showing signs of recovery, with analysts predicting a 75.81% upside by 2025.
The stock's rise is attributed to retail investor interest and social media discussions, despite a lack of company-specific news. The recent decline was due to PepsiCo scaling back orders, but the stock is now trading above its 50-day moving average. Analysts' positive price target suggests potential upside.
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