What's Going On With Celsius Holdings Shares Monday?

Celsius Holdings, Inc. CELH is seeing its shares move on high trading volumes Monday afternoon, with session volume at 6.44 million compared to the 100-day average of 4.29 million. Here’s a look at what’s going on.

What To Know: Celsius Holdings, known for its CELSIUS energy drinks, is currently trending on various social platforms, as traders look for a catalyst behind the rise in shares.

The company announced that its Chairman and CEO, John Fieldly, along with CFO Jarrod Langhans, will participate in a webcast fireside chat at the 4th Annual Evercore ISI Consumer and Retail Conference. The event is scheduled for Tuesday June 11, 2024.

Analyst Reaction: Around two weeks ago, Morgan Stanley reiterated its price target of $75 and BofA Securities increased its price target from $80 to $84.

What Else: The company is also preparing for its upcoming third-quarter earnings report on June 26, 2024. Analysts estimate EPS of 48 cents and revenue of $6.63 billion. In its last second-quarter report, Celsius Holdings outperformed expectations with EPS of 42 cents compared to the estimated loss of 25 cents and revenue of $5.82 billion versus the estimated $5.342 billion.

CELH Price Action: Celsius Holdings shares were down 9.14% at $66.51 at the time of writing, according to Benzinga Pro.

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