10 Firms Kick Off Monday Leading Gains

2. Celsius Holdings Inc. (NASDAQ:CELH)

Celsius Holdings rallied by 10.52 percent on Monday to end at $29.93 each as investors reacted to news that PepsiCo, which owns a significant stake in the company, moved to expand its healthy drinks category.

The rally came after news that PepsiCo entered into an agreement to acquire prebiotic soda brand Poppi for $2 billion.

“More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness. Poppi is a great complement to our portfolio transformation efforts to meet these needs,” said PepsiCo Chairman and CEO Ramon Laguarta.

The news dribbled into CELH which produces a range of fitness and energy beverages under the brand Celsius.

The transaction is subject to customary closing conditions, including regulatory approval. Additional terms of the acquisition were not disclosed.