Shares of Celsius Holdings Inc (NASDAQ:CELH) are trading higher Monday, building on momentum from a multi-week recovery. Here’s what investors need to know.
Celsius Holdings stock is among today’s top performers. Why is CELH stock surging?
Institutional Buying Sparks Sentiment Shift
Momentum has picked up following regulatory disclosures filed on Aug. 13, revealing that Ranger Investment Management L.P. acquired a new stake of 465,470 shares in the company.
The institutional backing provides a strong vote of confidence for the energy drink maker, helping drive a 27% surge over the trailing month as buyers rush back into the stock following its recent dip.
