Celsius Holdings, Inc. CELH shares are trading lower Tuesday. The stock appears to be moving on continued downward momentum and has fallen nearly 15% over the last five days.
What To Know:
Shares of CELH are falling on heavy trading volume Tuesday. According to data from Benzinga Pro, more than 3.2 million shares have been traded in the session, compared to the stock's 100-day average volume of 1.405 million shares.
Jefferies analyst Kaumil Gajrawala initiated coverage on Celsius Holdings with a Buy rating and announced a price target of $217 on Tuesday.
Celsius Holdings announced that it will present at the following investor conferences: Stephens Annual Investment Conference on Nov. 15 and 16, Morgan Stanley Global Consumer & Retail Conference on Dec. 5 and 6 and 12th Annual ROTH Deer Valley Event on Dec. 14 and 15.
Celsius Holdings has grabbed the interest of short-sellers with a remarkable 34.59% of available CELH shares being sold short, according to data from Benzinga Pro.
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CELH Price Action: According to Benzinga Pro, Celsius Holdings shares are down by more than 7% at $150.40 at the time of publication.
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