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Why Celsius Holdings Stock Was Up 32% in August

TheMotleyFool

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Why Celsius Holdings Stock Was Up 32% in August

Shares of beverage company Celsius Holdings (NASDAQ: CELH) were up 32.4% in August, according to data provided by S&P Global Market Intelligence. But it wasn't a smooth ride higher for shareholders. At one point, Celsius stock was up over 70% during the month before tumbling around 25% from the top.

Early in August, Celsius stock ran higher after reporting strong earnings for the second quarter of 2020. But later in the month, the stock fell after the company announced a special financing arrangement.