Celsius Holdings, Inc. (CELH) saw its stock price soar by 5.11% during intraday trading on Thursday. The significant upward movement represents a notable recovery for the energy drink company's shares.

The surge appears to be a technical rebound following a multi-day pullback that occurred after the company's recent earnings release. Market concerns had previously weighed on the stock, particularly regarding slowing growth in the energy drink sector and questions about whether Celsius's high growth trajectory was being driven more by the consolidation of its acquired Alani Nu brand rather than strong organic growth from its core products.

After this extended correction, the company's solid first-quarter financial data is now providing fundamental support and creating a floor for the share price. The movement was company-specific rather than sector-wide, as peers in the soft drinks industry showed mixed and generally muted performance during the same trading session.