Celsius Holdings Inc. ($CELH) has experienced a significant drop of around 30% in recent weeks, with selling pressure leading to new 52-week lows. The CEO mentioned factors contributing to the slowdown in the energy category, including consumer spending patterns and rising gas prices. Despite the challenges, some investors believe the stock may be showing signs of a potential rebound.
$CELH If you have the stomach to catch falling knives, then this name right here right now is showing a little life. Daily RSI at it's lowest since Jan 2022 when stock was $13. It subsequently bounced 55% in a month. Not suggesting name bounces 55%, but a DCB of 10-15%…
$CELH CEO on the slowdown in the energy category: "there seems to be a lot of factors from seeing a lot of the write-ups on weather and timing of resets and it could be also the spending patterns on consumers starting to feel the pinch on the gas pump & the rising costs"
$CELH Hitting new 52-week lows Now -37% from highs https://t.co/KMuefT2ekH
$CELH Calling today a bottom. But I said that 5pts ago too. DCA. HODL. PRAY.
$CELH great update. I was not enthused by yesterdays call myself. No position after stopping out below 200 day 65s . Congrats to him for a rockstar call https://t.co/hTNxs6QgdV
Some great insights from the kings of company commentary, @Quartr_App, re: the selling pressure in $CELH of late: https://t.co/0pGUnWy5em
$CELH has dropped by ~30% in just a few weeks. Here are several quotes from yesterday's conference that partly explain why 🧵 1. $CELH estimates that $PEP's inventory optimization could impact revenues by $20 million to $30 million in the quarter: https://t.co/iOoAYKMqYU
$CELH Green.