Anyone know why the stock has soared today?
Because it had been wildly, ridiculously oversold. REED should have a market cap of $80-$100 million so there's still plenty of short-term upside.
Too- many reasons to list why Reed's stock is coming out of Rehab? A stock price selling at or about its original IPO PPS level, might be a starting point for finding a basis for the up move. IF she moves past $5.10, next junction is $5.37.
SPECULATION. The company was mentioned as a potential take over target.
Where was it mentioned? Can you provide a link? Thx