10 large-cap stocks worst performers last week: MongoDB, Nutanix, DraftKings, Salesforce, Samsara, Celsius, Agilent, Snowflake, ServiceNow, Hormel. Are they in your portfolio?
Celsius shares closed Tuesday down 12.8% following reports that new Nielsen data shows the company's sales growth and market share declined in recent weeks. Morgan Stanley analyst Dara Mohsenian reportedly said the data showed that Celsius' sales growth slowed to 39% for the week ended May 18.
Wall Street resumed trading after the Memorial Day holiday with a familiar trend, as major chipmaker stocks significantly outperformed the broader market.
Celsius' sales growth and market share are moving in the wrong direction in recent weeks. The report indicates that Celsius' sales growth slowed to 39% for the week ended May 18. It further suggests that Celsius' market share declined from 10.8% to 10.5% in the most recent week of data, while Celsius' pricing was down 7.2% on a year-over-year basis.