Celsius Holdings Inc’s filing revealed that its 10% Owner DeSantis Dean unloaded Company’s shares for reported $9.58 million on Mar 13 ’24. In the deal valued at $95.75 per share,100,000 shares were sold. As a result of this transaction, DeSantis Dean now holds 219,257 shares worth roughly $18.4 million.
Then, Levy Caroline S sold 20,000 shares, generating $1,895,400 in total proceeds. Upon selling the shares at $94.77, the Director now owns 37,891 shares.
Before that, Watson Kyle Audrey sold 40,000 shares. Celsius Holdings Inc shares valued at $3,566,800 were divested by the Chief Marketing Officer at a price of $89.17 per share. As a result of the transaction, Watson Kyle Audrey now holds 75,060 shares, worth roughly $6.3 million.
Maxim Group reiterated its Celsius Holdings Inc [CELH] rating to a Buy in a research note published on April 01, 2024; the price target was $110. A number of analysts have revised their coverage, including Wedbush’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. Maxim Group also remained covering CELH and reiterated its “Buy” recommendation on March 01, 2024. Maxim Group revised its rating on February 02, 2024. It rated CELH as “a Buy” which previously was an “a Hold”.
Price Performance Review of CELH
On Friday, Celsius Holdings Inc [NASDAQ:CELH] saw its stock jump 5.62% to $83.94. Over the last five days, the stock has gained 1.23%. Celsius Holdings Inc shares have risen nearly 53.96% since the year began. Nevertheless, the stocks have risen 180.08% over the past one year. While a 52-week high of $99.62 was reached on 03/14/24, a 52-week low of $28.08 was recorded on 01/31/24. SMA at 50 days reached $73.40, while 200 days put it at $59.42. A total of 4.25 million shares were traded, compared to the trading of 3.96 million shares in the previous session.
Levels Of Support And Resistance For CELH Stock
The 24-hour chart illustrates a support level at 79.80, which if violated will result in even more drops to 75.67. On the upside, there is a resistance level at 86.40. A further resistance level may holdings at 88.87. The Relative Strength Index (RSI) on the 14-day chart is 52.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.84%. Stochastics %K at 18.68% indicates the stock is a buying.
How much short interest is there in Celsius Holdings Inc?
A steep rise in short interest was recorded in Celsius Holdings Inc stocks on Mar 15, 2024, dropping by -18.15 million shares to a total of 18.16 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 36.31 million shares. There was a decline of -99.94%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 18.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.74.
