Celsius Holdings Inc. [CELH] Insider Activity: An Update for Investors


Celsius Holdings Inc.’s filing revealed that its Director Castaldo Nicholas unloaded Company’s shares for reported $9.99 million on Aug 23. In the deal valued at $181.58 per share,55,000 shares were sold. As a result of this transaction, Castaldo Nicholas now holds 110,491 shares worth roughly $ 21.98 million.

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Then, David Toby sold 54,941 shares, generating $9,794,870 in total proceeds. Upon selling the shares at $178.28, the Executive Vice President now owns 37,576 shares.

Before that, Storey Paul H. sold 1,055 shares. Celsius Holdings Inc. shares valued at $189,483 were divested by the Sr. Vice President, Operations at a price of $179.60 per share. As a result of the transaction, Storey Paul H. now holds 22,376 shares, worth roughly $4.45 million.

TD Cowen initiated its Celsius Holdings Inc. [CELH] rating to an Outperform in a research note published on Monday, September 15, 2023; the price target was $250. PT values the company’s stock at a premium of 20.43 to its Monday closing price.

Price Performance Review of CELH

On Monday, Celsius Holdings Inc. [NASDAQ:CELH] saw its stock jump 0.70% to $198.92. On the same session, the stock had its day’s lowest price of $197.0001, but rose to a high of $201.55. Over the last five days, the stock has lost -0.26%. Celsius Holdings Inc. shares have risen nearly 91.20% since the year began. Nevertheless, the stocks have risen 95.79% over the past one year. While a 52-week high of $206.85 was reached on 09/08/23, a 52-week low of $78.25 was recorded on 03/13/23. SMA at 50 days reached $169.35, while 200 days put it at $123.72. A total of 0.86 million shares were traded, compared to the trading of 0.81 million shares in the previous session.

Levels Of Support And Resistance For CELH Stock

The 24-hour chart illustrates a support level at 196.76, which if violated will result in even more drops to 194.61. On the upside, there is a resistance level at 201.31. A further resistance level may holdings at 203.71. The Relative Strength Index (RSI) on the 14-day chart is 64.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.98%. Stochastics %K at 71.64% indicates the stock is a holding.

How much short interest is there in Celsius Holdings Inc.?

A steep rise in short interest was recorded in Celsius Holdings Inc. stocks on Aug 30, 2023, growing by 0.29 million shares to a total of 10.67 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 10.38 million shares. There was a rise of 2.72%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 33.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.28.

Celsius Holdings Inc. [CELH] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 7,228,515 shares, or roughly 9.40% of the outstanding CELH shares. In other words, the investor’s shares have fallen by -150,908 from its previous 13-F filing of 7379423.0. Additionally, The Vanguard Group, Inc. increased 3.29% of its stake after which the total value it holdings stand at $787,496,797, while BlackRock Fund Advisors reduced -22.37% of its stake to hold $714.16 million in the firm. Over the last quarter, Wellington Management Co. LLP purchased 971 shares of Celsius Holdings Inc., while Marshall Wace LLP bought 991,204 shares. At present, SSgA Funds Management, Inc. is holding 1,252,882 shares valued at $245.61 million. Eagle Asset Management, Inc. owned 1,233,829 shares of the company at the time of its most recent 13F filing, worth $241.88 million.

According to FactSet, Celsius Holdings Inc.’s share price will average $205.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 3.53 percent from its previous closing price of $197.53. Analysts expect Celsius Holdings Inc. stock to reach the higher price of $250.00, while the lowest price estimate is $175.00. However, 11 analysts have rated CELH stock as a Buy in their predictions for 2023.


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