Why Celsius Holdings Stock Rocketed Almost 25% This Week

Shares of energy drink maker Celsius Holdings (CELH -4.62%) soared after the company reported fourth-quarter and full-year 2023 results this week. Celsius stock has rocketed nearly 50% this year, but about half of that was from its surge this week. As of Friday afternoon, shares were higher by about 25% just this week, according to data provided by S&P Global Market Intelligence.Swinging to profitsCelsius' huge growth in product sales led it to a full-year profit of $0.77 diluted earnings per share. That co ...