Celsius Shares Climb on Acquisition and Growth Prospects. Is the Stock Set to Continue to Rebound?
It's been tough sledding for Celsius (NASDAQ: CELH) for much of the past year. The stock hit a high of nearly $100 last spring before the wheels fell off its growth story, as the company began to lap big U.S. distribution gains and the important convenience store segment began to see traffic struggles.However, the stock surged after the company announced better-than-expected Q4 results and made an important acquisition. The stock is still down nearly 50% over the past year, as of this writing.Let's delve into the company's most recent results and acquisition to see if the rebound can continue.Continue reading
It's been tough sledding for Celsius (NASDAQ: CELH) for much of the past year. The stock hit a high of nearly $100 last spring before the wheels fell off its growth story, as the company began to lap big U.S. distribution gains and the important convenience store segment began to see traffic struggles.
However, the stock surged after the company announced better-than-expected Q4 results and made an important acquisition. The stock is still down nearly 50% over the past year, as of this writing.
Let's delve into the company's most recent results and acquisition to see if the rebound can continue.
