Reported 4 months ago
Shares of Celsius Holdings (CELH) are trading lower after Morgan Stanley warned of a slowdown in the company's sales growth, noting a decline to 39% year-over-year. The energy drink maker's stock was affected by this observation, even though it has seen significant gains this year. Social media chatter about potential health issues related to the consumption of Celsius drinks also contributed to the stock's drop, with some reports citing liver damage from excessive consumption. Despite the setback, most analysts still maintain a positive outlook on the stock, with 15 buy ratings.
Source: YAHOO