Is Celsius a Buy After Tumbling 18% in 1 Day?
The energy drink stock trades 75% off its record high.
Overview
Unlike the high-octane drinks it's known for, Celsius Holdings (NASDAQ: CELH) isn't energizing investor portfolios right now. Shares dipped 18% the day the business reported its financial results for the second quarter (ended June 30). They now trade at a gut-wrenching 75% below their March 2024 peak.
Is this beverage stock a buy after tanking so much in a single day?
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.