Why Celsius Stock Sank This Week
Shares of the United States' No. 3 energy drink maker Celsius (NASDAQ: CELH) dropped 11% this week as of 2:30 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.While there wasn't one specific catalyst that sent the company's stock downward, a number of lingering worries continue to weigh on Celsius and its deflated share price.Just 18 months ago, Celsius was growing sales by triple digits, and its stock would go on to reach $90 per share. As of its latest quarter, sales had plummeted 31%, and the company's shares are now hovering around $22.Continue reading
Shares of the United States' No. 3 energy drink maker Celsius (NASDAQ: CELH) dropped 11% this week as of 2:30 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.
While there wasn't one specific catalyst that sent the company's stock downward, a number of lingering worries continue to weigh on Celsius and its deflated share price.
Just 18 months ago, Celsius was growing sales by triple digits, and its stock would go on to reach $90 per share. As of its latest quarter, sales had plummeted 31%, and the company's shares are now hovering around $22.
