Why Celsius Holdings Stock Fell 11.5% in October
Shares of Celsius Holdings (NASDAQ: CELH), a maker of caffeine-heavy energy beverages, fell 11.5% in October, according to data from S&P Global Market Intelligence. For context, the S&P 500 (including dividends) declined 2.7% last month.
The stock, however, has bounced back this month, gaining 18% in the first week of November. In 2020, shares are up a whopping 391% through Nov. 6, making it a top performer among consumer staple stocks. The broader market has returned 10.3% over this period.
Image source: Celsius Holdings.
Source Fool.com
