On August 10, Celsius Holdings, Inc. fell 5.04% in regular trading, trading at $26.33/share, with turnover of $32.97 million.

On the news front, Rockstar Energy founder Russ Savage disclosed on August 8 a stake of approximately 12 million shares, representing about 4.7% of the company, and publicly called for the firing of the CEO and COO. That disclosure triggered a 12.62% surge on the same day. The current decline reflects profit-taking following that activist-driven rally.

Adding downward pressure, Bernstein on August 7 downgraded the stock from Outperform to Market Perform and slashed its price target from $44 to $26, signaling a significant shift in institutional outlook. This came shortly after the company reported Q2 adjusted EPS of $0.36, missing the $0.42 consensus estimate, despite revenue rising to $817.9 million versus $870.1 million expected. Morgan Stanley also cut its target to $42 from $48 but maintained an Overweight rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)