Celsius Holdings Stock Is Surging Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Celsius Holdings Inc (NASDAQ:CELH) shares are surging due to increased attention from retail traders, despite recent declines. The stock is trending on social media, with traders citing bullish indicators and high short interest. Options volume has spiked, indicating bets on a continued bounce. The stock hit 52-week lows due to market share declines and reduced orders from PepsiCo. Analysts have lowered price targets, and a recovery is not expected until mid-2025. Celsius is set to report earnings in November.
October 10, 2024 | 5:10 pm
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Celsius Holdings shares are surging due to retail trader interest and bullish indicators, despite recent declines and reduced orders from PepsiCo. Options volume suggests a continued bounce, but analysts have lowered price targets.
Celsius Holdings is experiencing a surge in stock price due to increased attention from retail traders and bullish technical indicators. The high short interest and spike in options volume suggest potential for a short-term bounce. However, the stock has faced pressure from reduced orders by PepsiCo and lowered analyst price targets, indicating caution for long-term recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100