Why Celsius Holdings Stock Fell 18% in September
Celsius(CELH) The Motley Fool·2024-10-02 15:36The energy drink maker is overcoming an inventory issue with PepsiCo. Shares of Celsius Holdings (CELH 0.38%) 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 ...