Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Celsius Holdings Inc. shares valued at $8,088,710 were sold by Fieldly John on Aug 24. At $115.55 per share, Fieldly John sold 70,000 shares. The insider’s holdings dropped to 311,619 shares worth approximately $30.61 million following the completion of this transaction.
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Also, Kravitz Hal sold 5,000 shares, netting a total of over 550,000 in proceeds. Following the sale of shares at $110.00 each, the insider now holds 21,797 shares.
Before that, DESANTIS CARL had sold 96,501 shares from its account. In a trade valued at $9,981,098, the 10% Owner traded Celsius Holdings Inc. shares for $103.43 each. Upon closing the transaction, the insider’s holdings decreased to 96,501 shares, worth approximately $670.32 million.
As published in a research note from Maxim Group on May 11, 2022, Celsius Holdings Inc. [CELH] has been rated up from a Hold to a Buy and the price target has been revised to $70. This represents a -40.33% premium over Wednesday’s closing price. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of November 12, 2021, Credit Suisse has decreased its “an Outperform” rating to a “Neutral” for CELH. Earlier on September 16, 2021, Jefferies initiated its rating. Their recommendation was “a Buy” for CELH stock.
Analyzing CELH’s Price Performance
On Wednesday, Celsius Holdings Inc. [NASDAQ: CELH] plunged -3.91% to $98.23. The stock’s lowest price that day was $98.17, but it reached a high of $104.00 in the same session. During the last five days, there has been a drop of approximately -5.52%. Over the course of the year, Celsius Holdings Inc. shares have jumped approximately 31.73%. Shares of the company reached a 52-week high of $118.19 on 08/25/22 and a 52-week low of $38.31 on 05/10/22. A 50-day SMA is recorded $97.23, while a 200-day SMA reached $68.10. Nevertheless, trading volume fell to 1.22 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for Celsius Holdings Inc. (CELH)
According to the 24-hour chart, there is a support level at 96.27, which, if violated, would cause prices to drop to 94.30. In the upper region, resistance lies at 102.10. The next price resistance is at 105.96. RSI (Relative Strength Index) is 47.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.80, which suggests the price will decrease in the coming days. Percent R is at 67.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Celsius Holdings Inc. subject to short interest?
Stocks of Celsius Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.54 million shares to 6.6 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.06 million shares. A jump of 23.33% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.96 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.96.
Which companies own the most shares of Celsius Holdings Inc. (CELH)?
According to BlackRock Fund Advisors filings, the company currently owns 6,059,225 shares, which is about 8.01% of the total CELH shares outstanding. The investor’s shares have appreciated by 26,657 from its previous 13-F filing of 6032568.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $524,842,912. The Vanguard Group, Inc. acquire a 8.84% interest valued at $463.32 million while Hood River Capital Management LLC purchased a 230,589 stake. A total of 0 shares of Celsius Holdings Inc. were bought by Capital Research & Management Co during the quarter, and -28,333 were sold by William Blair Investment Manageme. In its current portfolio, SSgA Funds Management, Inc. holds 1,489,160 shares valued at $154.11 million.