On June 9, Celsius Holdings rose 5.04% in regular trading, trading at $29.415/share, with trading volume of $36.03 million.
On the news front, the rebound is consistent with the technical short-covering pattern observed on May 27, May 29, and June 5, as the stock bounces from the vicinity of its 52-week low at $27.66. The shares had been under sustained pressure following Q1 earnings, where revenue surged 138% year-over-year to $782.6 million driven by acquisitions of Alani Nu and Rockstar Energy, but core CELSIUS brand organic growth came in at only approximately 6%, raising concerns about underlying momentum. Additional headwinds include rising aluminum and freight costs compressing margins, and intensifying competition from Costco private-label alternatives.
A notable overhang remains: the Texas Attorney General has launched an investigation into the company and subsidiary Alani Nutrition over marketing practices for high-caffeine energy drinks, citing concerns about youth-oriented packaging for potentially harmful products under the Texas Deceptive Trade Practices Act. Regulatory resolution timing remains uncertain.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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