Why Celsius Stock Is Tumbling Today
Celsius (NASDAQ: CELH) stock dropped 17% as of 12:30 p.m. ET today as the market absorbed new Nielsen data.
For the week ending May 18th, the energy drink maker saw sales growth decline sequentially to 39%. While this figure is higher than the company's 37% sales growth in the first quarter of 2024, Celsius saw its market share dip from 10.8% to 10.5%.
Making matters worse, Morgan Stanley analyst Dana Mohsenian warned that Celsius could see slower growth as it laps the growth it saw from the start of its deal.
Source Fool.com
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