Why Celsius Holdings Stock Popped This Week

Shares of Celsius Holdings (CELH -1.88%), the beaten-down maker of energy drinks, were moving higher this week, even though there was no company-specific news.Instead, Celsius stock seemed to respond positively to news that PepsiCo (PEP -0.67%), which owns a minority stake in Celsius, is buying Poppi, a maker of prebiotic sodas, for $1.95 billion, which includes $300 million of tax benefits. That news sparked a rally in beverage stocks, sending Celsius higher as it seemed to signal that big beverage compani ...