2024 has been a rough year for Celsius Holdings (NASDAQ: CELH), the high-flying energy drink maker whose shares had skyrocketed starting during the pandemic. August was another challenging month for the stock.

Slowing growth due to overstocking by distribution partner continued to put the brakes on the business and on the stock.

In addition to slowing growth, investors seemed concerned about broader challenges in consumer spending, fears of a recession, and the stock's lofty valuation.

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Source Fool.com