Why Celsius Stock Soared 11.5% Today
Celsius Holdings (NASDAQ: CELH) stock is having a great day on Thursday, rising 11.5% through 10:05 a.m. ET on the back of a pair of positive Wall Street analyst notes.
Piper Sandler released the results of a survey yesterday confirming Celsius' continued popularity among teen energy drink consumers. Separately, Stifel reported this morning on a National Association of Convenience Stores tradeshow reporting positive sales trends in that market segment.
CNBC reported on the Piper news this morning, noting that among energy drink brands favored by teens, Celsius holds a 35% market share. That's pretty astounding, actually. Across the entire market, a Statista survey in 2023 found Celsius scoring only in the single digits, while Red Bull and Monster Beverage (NASDAQ: MNST) dominated this market, with market shares of nearly 40% and 30%, respectively.
Source Fool.com
