Celsius Holdings Stock Hit 52-Week Lows On Monday: What's Going On?

Celsius Holdings Inc. (NASDAQ:CELH) shares traded lower on Monday, falling to new 52-week lows. Here’s what you need to know.

What To Know: Celsius shares reached new 52-week lows on Monday as the company continues to battle slowing growth trends. Celsius shares are now down about 47% since the start of the year.

The beverage company’s stock was off to a strong start at the beginning of the year before weaker consumer spending trends began to impact discretionary names. Celsius, in particular, has grappled with market share declines on the back of softer demand.

According to a Barron’s report citing management commentary out of a recent conference, Celsius was seeing sales growth of greater than 50% at the start of the year, but growth has fallen to around 10% ...

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