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Why Celsius Stock Slumped 10% This Week

TheMotleyFool

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Why Celsius Stock Slumped 10% This Week: https://g.foolcdn.com/editorial/images/750154/drinking-soda.jpg

Shares of Celsius Holdings (NASDAQ: CELH) fell over 10% this week, according to data provided by S&P Global Market Intelligence. The upstart energy drink brand is feeling pressure after its stock made major gains over the summer. Shares are off 25% from recent highs but are still up 48% this year.

As a part of the consumer staples sector, the stock is likely getting hurt due to a drawdown in the entire sector, which is occurring because of investor fears of the recent weight-loss drugs such as Ozempic.