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Why Celsius Holdings Stock Fell 18% in September

TheMotleyFool 
0 0 02.10.24
Why Celsius Holdings Stock Fell 18% in September
 

Shares of Celsius Holdings (NASDAQ: CELH) were heading lower last month after the fast-growing producer of energy drinks gave a disappointing sales update regarding its partnership with PepsiCo, and Wall Street analysts cooled on the company.

According to data from S&P Global Market Intelligence, the stock fell 18% in September on the PepsiCo news as investor perception continued to sour on the once-soaring growth stock. As you can see from the chart below, most of the decline in the stock came early in the month on the PepsiCo update.

CELH Chart

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Source Fool.com

PepsiCo Inc. Stock

€131.18
-0.710%
PepsiCo Inc. shows a slight decrease today, losing -€0.940 (-0.710%) compared to yesterday.
The stock is one of the favorites of our community with 22 Buy predictions and 4 Sell predictions.
With a target price of 144 € there is a slightly positive potential of 9.77% for PepsiCo Inc. compared to the current price of 131.18 €.
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