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Why Celsius Holdings Stock Was Tumbling Today
It looks like a macro problem.
Shares of Celsius Holdings (NASDAQ: CELH) were pulling back today as a downbeat consumer sentiment report weighed on the energy drink maker.
After plunging last year, Celsius has emerged as a battleground stock, with numerous bulls expecting a surge, but also a high short interest. Though there wasn't any company-specific news out on Celsius today, the stock has become volatile and sensitive to data points that could show consumer demand slowing.
As of 2:15 p.m. ET, the stock was down 12.9%.
