Celsius Holdings (NasdaqCM:CELH) recently approved an amendment to its Articles of Incorporation, increasing its authorized Common Stock from 300 million to 400 million shares, a decision that aligns with the company's growth strategies. Over the last quarter, the company's stock price increased by 34%, possibly reflecting investor enthusiasm regarding this increased flexibility. Despite a challenging first quarter with declining earnings and net income, the company's stock price surge came amidst a broader market trend where major indices like the S&P 500 posted gains. These developments potentially added positive momentum to Celsius's share performance.