Why Celsius Stock Is Skyrocketing This Week

Shares of the third-largest energy drink brand in the United States, Celsius (CELH 33.27%), were up 44% this week as of 11 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. While the company reported acceptable fourth-quarter results on Thursday, its announcement of a significant acquisition stole the show and led to a skyrocketing price. Much ado about Alani Nu? In an excellent move to divert attention from somewhat turbulent 2024 results, Celsius announced that it had …