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 $283,164 were sold by Langhans Jarrod on Apr 19 ’24. At $69.42 per share, Langhans Jarrod sold 4,079 shares. The insider’s holdings dropped to 83,670 shares worth approximately $6.02 million following the completion of this transaction.
Also, DeSantis Dean sold 100,000 shares, netting a total of over 9,575,350 in proceeds. Following the sale of shares at $95.75 each, the insider now holds 219,257 shares.
Before that, Levy Caroline S had sold 20,000 shares from its account. In a trade valued at $1,895,400, the Director traded Celsius Holdings Inc shares for $94.77 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $2.73 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 1.45%. Over the course of the year, Celsius Holdings Inc shares have jumped approximately 32.06%. 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 $78.94, while a 200-day SMA reached $61.13. Nevertheless, trading volume fell to 4.02 million shares from 6.5 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 70.32, which, if violated, would cause prices to drop to 68.65. In the upper region, resistance lies at 74.21. The next price resistance is at 76.43. RSI (Relative Strength Index) is 39.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.94, which suggests the price will decrease in the coming days. Percent R is at 74.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
