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Why Celsius Holdings Stock Lost 19% in August

TheMotleyFool 
0 0 10.09.24
Why Celsius Holdings Stock Lost 19% in AugustPhoto, wide shot, wide-angle lens, Supermarket, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/12c4d93c-5c0e-4e39-8e32-e47404ce9d79.png
 

2024 has been a rough year for Celsius Holdings (NASDAQ: CELH), the high-flying energy drink maker whose shares had skyrocketed starting during the pandemic. August was another challenging month for the stock.

Slowing growth due to overstocking by distribution partner continued to put the brakes on the business and on the stock.

In addition to slowing growth, investors seemed concerned about broader challenges in consumer spending, fears of a recession, and the stock's lofty valuation.

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Source Fool.com

PepsiCo Inc. Stock

€121.70
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With only a change of €0.040 (0.030%) the PepsiCo Inc. price is nearly unchanged from yesterday.
Our community is currently high on PepsiCo Inc. with 30 Buy predictions and 5 Sell predictions.
With a target price of 147 € there is a positive potential of 20.79% for PepsiCo Inc. compared to the current price of 121.7 €.
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