CELH - Celsius Holdings Stock Is Tumbling Tuesday: What's Going On? | Benzinga
Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower Tuesday. New reports suggest the latest Nielsen data could be negatively impacting the stock.
What To Know: According to media reports citing a note from Morgan Stanley analyst Dara Mohsenian, Celsius’ sales growth and market share are moving in the wrong direction in recent weeks.
The report indicates that Celsius’ sales growth slowed to 39% for the week ended May 18. It further suggests that Celsius’ market share declined from 10.8% to 10.5% in the most recent week of data, while Celsius’ pricing was down 7.2% on a year-over-year basis.
Morgan Stanley reportedly warned that tough sales comparisons over the coming ...