Two of 10 Worst-Performing Stocks Fall to All-Time Lows on Tuesday

5. Celsius Holdings Inc. (NASDAQ:CELH)

Shares of Celsius Holdings Inc. dropped 14.33 percent on Tuesday to end at $26.88 apiece as investors took profits following a surge last week buoyed by its recent upgrade and concerns over the recent acquisition of its competitor.

According to the company, it entered into a definitive agreement to acquire Alani Nutrition LLC for a total transaction of $1.8 billion, which includes taxes amounting to $150 million.

According to CELH, its acquisition was part of its strategy to bolster growth. By combining with Alani Nu, the two brands are expected to hold a 16-percent market share in the energy drink sector.

The acquisition is expected to be completed in the second quarter of the year.

Meanwhile, CELH also earned a higher price target from TD Cowen at $30 versus $29 previously. The investment firm, however, maintained a “hold” rating on CELH’s shares.