Shares of Celsius Holdings (NASDAQ: CELH) are skyrocketing. The health-focused energy drink maker delivered ridiculous returns in recent months. The more I look at Celsius, the more I expect the surging stock chart to crash back to earth in the near future.
Shares of Celsius Holdings (NASDAQ: CELH) were up 56% in December, according to data provided by S&P Global Market Intelligence. The beverage company's stock was up over 900% in 2020 and over 60% in November alone, so it's no secret it had upward momentum going into December. In the last two days of December, Celsius Holdings surged almost 28%.
(Nasdaq: CELH) Celsius Holdings Inc., maker of the leading global fitness drink, CELSIUS®, today announced that the Company will be added to the S&P; SmallCap 600 Index, effective January 07, 2021, prior to the market open. The S&P; SmallCap 600 measures the small-cap segment of the U.S. equity market and consists of 600 domestic stocks selected by Standard & Poor's Index Committee based on certain criteria, such as market capitalization and financial viability.