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Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower Monday, adding to significant losses over the past two months. Here’s a look at what’s going on.
What To Know: Celsius stock has been stuck in a downtrend since Nielsen data from May showed that the company’s sales growth and market share were moving in the wrong direction.
Morgan Stanley warned at the time that tough sales comparisons over the coming quarters could lead to a change in sentiment in Celsius Holdings stock. Multiple analysts have weighed in on the stock since with several of them pointing to an inventory reduction from PepsiCo Inc (NASDAQ:PEP).
Here's a look at all of the analyst updates over the past month:
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Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Celsius' case, it is in the Consumer Staples sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
CELH Price Action: Celsius shares were down 8.96% at $53.63 at the time of publication, according to Benzinga Pro.
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