The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Celsius Holdings Inc shares valued at $25,571,238 were sold by Milmoe William H. on May 01 ’24. At $59.67 per share, Milmoe William H. sold 428,568 shares. The insider’s holdings dropped to 25,035,885 shares worth approximately $1.81 billion following the completion of this transaction.
Also, Milmoe William H. sold 428,568 shares, netting a total of over 25,571,238 in proceeds. Following the sale of shares at $59.67 each, the insider now holds 25,250,169 shares.
Before that, Milmoe William H. had sold 428,568 shares from its account. In a trade valued at $25,571,238, the 10% Owner traded Celsius Holdings Inc shares for $59.67 each. Upon closing the transaction, the insider’s holdings decreased to 428,568 shares, worth approximately $1.84 billion.
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 0.47%. Over the course of the year, Celsius Holdings Inc shares have jumped approximately 32.69%. 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 $79.91, while a 200-day SMA reached $61.69. Nevertheless, trading volume fell to 3.1 million shares from 3.1 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 70.16, which, if violated, would cause prices to drop to 67.99. In the upper region, resistance lies at 74.51. The next price resistance is at 76.69. RSI (Relative Strength Index) is 42.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 62.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
