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Stock impact report

Why Celsius Holdings Stock Popped This Week [Yahoo! Finance]

Monster Beverage Corporation (MNST) 
Last monster beverage corporation earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.monsterbevcorp.com/events.cfm
Company Research Source: Yahoo! Finance
Instead, Celsius stock seemed to respond positively to news that PepsiCo (NASDAQ: PEP) , which owns a minority stake in Celsius, is buying Poppi, a maker of prebiotic sodas, for $1.95 billion, which includes $300 million of tax benefits. That news sparked a rally in beverage stocks, sending Celsius higher as it seemed to signal that big beverage companies were willing to open up their wallets to make acquisitions. The stock was up 14.8% for the week as of 12:48 p.m. ET on Thursday. Celsius stock jumped more than 10% on Monday after the news of the PepsiCo-Poppi deal came out. But not every analyst though it was a bullish signal for Celsius, which is trading down more than 70% from its peak as sales have slowed and PepsiCo overstocked Celsius inventory after becoming its distribution partner. Jefferies weighed in on the move, saying it makes a buyout of Celsius by Pepsi less likely, as Pepsi is presumedly pivoting away from Celsius with its move into the newer healthy-beverage Show less Read more
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