Buy the Dip on This Beverage Stock
Celsius(CELH) Schaeffers Investment Research·2024-06-12 00:38
Shares of Celsius Holdings Inc (NASDAQ:CELH) are down 20.2% since the start of June, on track for their sixth daily loss in the last seven sessions. The stock had already posted a few sharp losses at the end of May following Nielsen data that disappointed investors, but several analysts called the selloff "overdone," highlighting long-term growth potential. Since the start of the year, CELH is still up 17%.At last glance today, Celsius stock was down 3.2% at $64.02 and on the short sell restricted (SSR) lis ...