Investors Land CELH Even Cheaper Than Its Secondary Stock OfferingBy Market News Video Staff, Friday, June 11, 10:11 AM ETLooking back to 2 days ago, Celsius Holdings Inc (NASDAQ:CELH) priced a 6,518,267 share secondary stock offering at $62.50 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Friday, bargain hunters could buy shares of CELH and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $61.94 per share. Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Celsius Holdings Inc shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of CELH shares, versus its 200 day moving average:
Looking at the chart above, CELH's low point in its 52 week range is $8.7702 per share, with $83 as the 52 week high point — that compares with a last trade of $62.74. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
This Article's Word Cloud:
Buyers
CELH
Celsius
Days
Dollars
Friday
Holdings
Join
Looking
Offer
Offerings
Recent
Secondaries
Secondary
Seven
Special
Start
Stock
ValueForum
about
above
achieve
announcement
attractive
average
back
bargain
basis
because
been
before
below
bullish
buyers
buying
changing
chart
cheaper
investment
last
offering
point
priced
share
shares
stock
that
trading
week
with
|