On August 27, Celsius Holdings, Inc. fell 5.14% in regular trading, trading at $33.33/share, with turnover of $32.53 million.
On the news front, the stock's rebound driven by leadership restructuring on August 25 has quickly faded, while Bernstein downgraded the stock from Outperform to Market Perform with a target price slashed from $44 to $26, intensifying bearish sentiment. The company had previously reshuffled management in response to activist shareholder Russ Savage, who holds approximately 4.7% of outstanding shares and publicly called for executive dismissals. While the move initially lifted the stock over 5%, the relief rally proved short-lived.
Adding to individual headwinds, the broader Soft Drinks sector is under pressure. Among peers, Monster Beverage fell 2.82%, Coca-Cola Bottling declined 2.33%, Coca-Cola Europacific dropped 1.69%, Pepsi slid 1.58%, and Coca-Cola lost 1.12%, reflecting broad-based industry selling that further weighed on the stock.
(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.)