Why Celsius Holdings Stock Collapsed This Week
The market is digesting its latest earnings and acquisition of competitor Alani Nu.
Shares of Celsius Holdings (NASDAQ: CELH) sank over 20% this week, according to data from S&P Global Market Intelligence. The once fast-growing energy drink brand is now going through a rough patch.
Revenue growth has slowed in recent quarters. Now, the company is making a big acquisition of Alani Nu, an energy drink brand gaining a lot of market share at the moment, which it announced in conjunction with its Q4 earnings.
Last week, Celsius stock popped on the news, but it has now given up most of these gains and sank over 20% this week. Here's why Celsius stock is falling, and whether the stock is a buy for your portfolio today.
