tiprankstipranks
Trending News
More News >

Celsius is everywhere, stock can still provide a jolt, Barron’s says

Energy drink maker Celsius Holdings (CELH) was a stock market darling until four months ago, when shares began to slump over signs of the company’s slowing growth and economic headwinds, Evie Lu writes in this week’s edition of Barron’s. The stock tumbled 12% on Wednesday after management said at a conference that orders from a major distributor declined from last year. These jitters look overblown, the author says. Celsius is getting its products on more grocery shelves, selling more online, and expanding overseas. When the dust settles, expect the stock to get a boost, the publication adds.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue