In a filing, Celsius Holdings Inc revealed its Chief Executive Officer Fieldly John unloaded Company’s shares for reported $18.95 million on Sep 13 ’24. In the deal valued at $34.36 per share,551,421 shares were sold. As a result of this transaction, Fieldly John now holds 1,261,069 shares worth roughly $38.15 million.
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Then, Fieldly John sold 74,847 shares, generating $2,454,982 in total proceeds. Upon selling the shares at $32.80, the Chief Executive Officer now owns 1,812,490 shares.
Before that, Fieldly John bought 551,421 shares. Celsius Holdings Inc shares valued at $18,862,428 were divested by the Officer at a price of $34.21 per share.
ROTH MKM reiterated its Celsius Holdings Inc [CELH] rating to a Buy in a research note published on September 05, 2024; the price target was $45. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early August from “a Neutral” to “an Underperform”. Maxim Group also remained covering CELH and reiterated its “Buy” recommendation on August 07, 2024. TD Cowen maintained its rating on July 15, 2024. It rated CELH as “a Buy”.
Price Performance Review of CELH
On Friday, Celsius Holdings Inc [NASDAQ:CELH] saw its stock jump 1.71% to $30.25. Over the last five days, the stock has lost -7.01%. Celsius Holdings Inc shares have fallen nearly -44.52% since the year began. Nevertheless, the stocks have fallen -42.05% over the past one year. While a 52-week high of $99.62 was reached on 03/14/24, a 52-week low of $29.65 was recorded on 10/03/24. SMA at 50 days reached $36.98, while 200 days put it at $60.86.
Levels Of Support And Resistance For CELH Stock
The 24-hour chart illustrates a support level at 29.74, which if violated will result in even more drops to 29.23. On the upside, there is a resistance level at 30.75. A further resistance level may holdings at 31.25. The Relative Strength Index (RSI) on the 14-day chart is 33.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.54%. Stochastics %K at 4.33% 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 2024-09-13, growing by 1.97 million shares to a total of 23.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 21.38 million shares. There was a rise of 8.43%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 25, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $60 price target.
