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Why Celsius Stock Plunged 52% Last Year
CELHCelsius(CELH) The Motley Fool·2025-01-12 21:39

Shares of energy drink company Celsius (CELH -7.76%) plunged 51.7% in 2024, according to data provided by S&P Global Market Intelligence, which is bad enough. But in the opening months of the year, the stock was up 76%. This means that while it dropped 52% for the year, it dropped a whopping 73% from its high point in 2024.Rumblings of a problem began after Celsius reported financial results for the first quarter of 2024 in May. The company missed expectations for revenue -- rare for this high-growth busine ...