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.
Source Fool.com
PepsiCo Inc. Stock
€153.02
0.100%
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
With a target price of 174 € there is a slightly positive potential of 13.71% for PepsiCo Inc. compared to the current price of 153.02 €.
