Celsius Stock Is Beaten Down Now, but It Could Still Soar
CELHCelsius(CELH) The Motley Fool·2024-07-20 23:00

The energy drink maker's latest pullback might be a good buying opportunity.Celsius (CELH -2.75%) stock hit an all-time high of $99.62 on March 14, 2024. At the time, many investors were impressed by the energy drink maker's rapid growth. But over the following four months, shares have declined 47%.The bulls retreated amid concerns about its slowing sales growth, market share losses, and inventory reductions at its distribution partner, PepsiCo (PEP -0.59%). However, Celsius stock can still bounce back and ...