Why Celsius Stock Continues to Drop

By Travis Hoium – Jun 27, 2024 at 6:00AM

NASDAQ: CELH

Celsius

Market Cap

$13B

Today's Change

(-0.78%) -$0.45

Current Price

$57.09

Price as of June 28, 2024, 4:00 p.m. ET

Celsius stock is dropping like a rock, but is the move warranted?

Data from an analytics firm indicates that Celsius (CELH -0.78%) has lost market share over the past few weeks, and that's why the stock is dropping. But is a few weeks of data worth the wild move in shares? Travis Hoium digs into the news and the company's valuation in this video.

*Stock prices used were end-of-day prices of June 25, 2024. The video was published on June 26, 2024.

Travis Hoium has positions in Celsius. The Motley Fool has positions in and recommends Celsius. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.