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Tuesday, August 22, 2017 3:20:07 PM
They skyrocketed to $7.20 on the back of the Russell index buying 1.2M shares. Analyst coverage had little to do with it IMO. Something that would've happened for $CELH if they had uplisted sooner ($nBEV did it on Valentine's Day vs. June 12th for Celsius). Indexes buy "X" amount regardless of the share price because they aren't buying based on fundamentals.
What I'm saying is this. Mark your calendar for May next year because CELH will be climing onto all kinds of indexes.
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