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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 SeptemberPhoto, wide shot, wide-angle lens, Restaurant, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/57273392-070f-46de-9297-125616327242.png
 

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

€121.26
-0.380%
PepsiCo Inc. shows a slight decrease today, losing -€0.460 (-0.380%) compared to yesterday.
Our community is currently high on PepsiCo Inc. with 31 Buy predictions and 5 Sell predictions.
With a target price of 147 € there is a positive potential of 21.23% for PepsiCo Inc. compared to the current price of 121.26 €.
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