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Why Celsius Holdings Stock Crashed Thursday

·1 min read
Why Celsius Holdings Stock Crashed Thursday

Celsius Holdings (NASDAQ: CELH) announced pricing on a sale of common stock yesterday, and the market revalued shares accordingly today. As of 1:20 p.m. EDT, shares of the fitness and health drink maker were down almost 15%. Celsius said a sale of more than 6.5 million shares of common stock would be priced at $62.5 per share.