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 $18,946,826 were sold by Fieldly John on Sep 13 ’24. At $34.36 per share, Fieldly John sold 551,421 shares. The insider’s holdings dropped to 1,261,069 shares worth approximately $38.7 million following the completion of this transaction.
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Also, Fieldly John sold 74,847 shares, netting a total of over 2,454,982 in proceeds. Following the sale of shares at $32.80 each, the insider now holds 1,812,490 shares.
Before that, Fieldly John had added 551,421 shares to its account. In a trade valued at $18,862,428, the Officer bought Celsius Holdings Inc shares for $34.21 each.
As published in a research note from Truist on October 16, 2024, Celsius Holdings Inc [CELH] has been retained to a Hold and the price target has been revised to $35. Analysts at Jefferies resumed the stock at ‘”a Buy”‘ outlook in a report released in early October. As of September 05, 2024, ROTH MKM has reiterated its “Buy” rating for CELH. Earlier on August 08, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for CELH stock which previously was a “a Neutral”.
Analyzing CELH Stock Performance
During the last five days, there has been a surge of approximately 0.76%. Over the course of the year, Celsius Holdings Inc shares have dropped approximately -43.71%. Shares of the company reached a 52-week high of $99.62 on 03/14/24 and a 52-week low of $28.20 on 10/08/24. A 50-day SMA is recorded $33.40, while a 200-day SMA reached $58.73. Nevertheless, trading volume fell to 4.8 million shares from 6.83 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 30.24, which, if violated, would cause prices to drop to 29.80. In the upper region, resistance lies at 31.50. The next price resistance is at 32.31. RSI (Relative Strength Index) is 43.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.32, which suggests the price will decrease in the coming days. Percent R is at 94.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.