CELH - Celsius Stock Has Plunged More Than 30% in Less Than a Month. Time to Buy the Dip?
2024-06-12 07:21:00 ET
Roughly twice a year for the last five years, the same thing keeps happening to shares of energy-drink company Celsius Holdings (NASDAQ: CELH) : Shares drop 20% or more. And as of this writing, Celsius stock is down once again, this time falling more than 30% in just the last few weeks.
For investors who hate losing money, buying shares of a company that routinely drops 20% or more might seem like a bad idea. However, Celsius stock is also up more than 5,000% total in the last five years, making it one of the greatest five-year stock performances in history. Therefore, it has been a great stock to own despite a fair amount of volatility.
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Celsius Stock Has Plunged More Than 30% in Less Than a Month. Time to Buy the Dip?