Shares of Celsius Holdings Inc (NASDAQ:CELH) are trading higher Monday, building on momentum from a multi-week recovery. Here’s what investors need to know.
- Celsius Holdings stock is among today’s top performers. Why is CELH stock surging?
Institutional Buying Sparks Sentiment Shift
Momentum has picked up following regulatory disclosures filed on Aug. 13, revealing that Ranger Investment Management L.P. acquired a new stake of 465,470 shares in the company.
The institutional backing provides a strong vote of confidence for the energy drink maker, helping drive a 27% surge over the trailing month as buyers rush back into the stock following its recent dip.
Activist Interest Fuels Post-Earnings Turnaround Story
The stock’s recent strength reflects a sharp turn in sentiment following a post-earnings selloff earlier in the month. On Aug. 6, Celsius reported second-quarter revenue of $817.9 million, supported by $364.4 million from Alani Nu and $66.5 million from Rockstar Energy.
Although a 11.7% drop in core Celsius sales caused second-quarter revenue to miss Wall Street targets, buyers rushed back into the stock in August after activist investor chatter sparked buy-out and turnaround expectations.
Executive Leadership Overhaul Concentrates Commercial Execution
Compounding recent positive momentum is an ongoing corporate realignment announced on Aug. 10. Celsius promoted Tyler Bohannon to Chief Commercial Officer, created a dedicated Chief Business Transformation Officer role for Tony Guilfoyle, and confirmed the departure of President and COO Eric Hanson.
Management noted the leadership overhaul aims to streamline commercial execution across its expanded multi-brand energy portfolio.
CELH Shares Climb Monday
CELH Price Action: Celsius Holdings shares were up 4.35% at $34.81 at the time of publication on Monday, according to Benzinga Pro data.
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