Here's Why Celsius Stock Dropped 12.5% in September
Shares of energy drink company Celsius Holdings (NASDAQ: CELH) hit all-time highs in September, peaking above $200 for the first time. However, Celsius stock subsequently fell, finishing the month down 12.5%, according to data provided by S&P Global Market Intelligence.
Zooming out tells a more complete story. During August and September combined, Celsius stock rose by about 19%. That far outpaced the S&P 500's 6.6% drop during that two-month period.
Nothing negative happened with Celsius during September. But strong recent gains had catapulted it to all-time highs, and apparently, it was simply time to take a breather.
Source Fool.com
