Traders Heavily Dumped These 10 Firms on Monday

8. Celsius Holdings Inc. (NASDAQ:CELH)

Celsius Holdings extended its losing streak for a fourth straight day on Monday, shedding 2.20 percent to finish at $35.93 apiece as investors continued to dispose of its shares following an investment firm’s pessimistic rating.

Late last week, CFRA downgraded its rating for Celsius Holdings Inc. (NASDAQ:CELH) to “sell” from “buy” and reduced its price target to $30 from $45 previously. The new price target represented a 16 percent downside from the company’s latest closing price.

According to CFRA, the rating adjustment was based on Celsius Holdings Inc.’s (NASDAQ:CELH) unfavorable risk-reward profile following the stock’s 41-percent year-to-date gain.

In recent news, CELH’s newly acquired subsidiary, Alani Nu, broke past the $1-billion sales over the past 52 weeks, representing a whopping 72.4 percent sales jump on a year-on-year basis.

CELH acquired Alani Nu last month for $1.8 billion. In a statement, Alani Nu said the $1-billion sales milestone “has been fueled by accelerated brand growth, strong and unique innovation, and a growing female energy drink consumer segment seeking better-for-you, functional beverages that fit their health and wellness lifestyles.”