CELH - What's Going On With Celsius Holdings Stock Wednesday? | Benzinga
Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower Wednesday. BofA adjusted its price target on the stock a day after Celsius shares tumbled on weak Nielsen data.
What Happened: Celsius shares closed Tuesday down 12.8% following reports that new Nielsen data shows the company’s sales growth and market share declined in recent weeks.
Morgan Stanley analyst Dara Mohsenian reportedly said the data showed that Celsius' sales growth slowed to 39% for the week ended May 18. The analyst further suggested that Celsius' market share declined from 10.8% to 10.5% in the most recent week of data, while Celsius' pricing was ...