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 $9,575,350 were sold by DeSantis Dean on Mar 13 ’24. At $95.75 per share, DeSantis Dean sold 100,000 shares. The insider’s holdings dropped to 219,257 shares worth approximately $18.52 million following the completion of this transaction.
Also, Levy Caroline S sold 20,000 shares, netting a total of over 1,895,400 in proceeds. Following the sale of shares at $94.77 each, the insider now holds 37,891 shares.
Before that, Watson Kyle Audrey had sold 40,000 shares from its account. In a trade valued at $3,566,800, the Chief Marketing Officer traded Celsius Holdings Inc shares for $89.17 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $6.34 million.
As published in a research note from Maxim Group on April 01, 2024, Celsius Holdings Inc [CELH] has been retained to a Buy and the price target has been revised to $110. Analysts at Wedbush resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of March 01, 2024, Maxim Group has reiterated its “Buy” rating for CELH. Earlier on February 02, 2024, Maxim Group upgraded its rating. Their new recommendation was “a Buy” for CELH stock which previously was a “a Hold”.
Analyzing CELH Stock Performance
During the last five days, there has been a surge of approximately 10.20%. Over the course of the year, Celsius Holdings Inc shares have jumped approximately 54.93%. Shares of the company reached a 52-week high of $99.62 on 03/14/24 and a 52-week low of $49.46 on 01/31/24. A 50-day SMA is recorded $75.31, while a 200-day SMA reached $59.95. Nevertheless, trading volume fell to 2.5 million shares from 2.48 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 82.50, which, if violated, would cause prices to drop to 80.53. In the upper region, resistance lies at 86.09. The next price resistance is at 87.72. RSI (Relative Strength Index) is 53.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 58.08%, 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 steep in short interest on Mar 28, 2024 dropping by -21.14 million shares to 17.39 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 38.53 million shares. A decline of -121.56% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.81 of the overall float, the days-to-cover ratio (short ratio) decline to 2.81.
