REEDS (REED) in Focus: Stock Up 7.4% - Tale of the Tape
REEDS, Inc. (REED) was a big mover last session, as the company saw its shares rise over 7% on the day. The gain can be attributed to the company’s announcement regarding the appointment of Mark Beaton as the new Chief Operating Officer. This led to far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has gained 17.4% in the past one-month time frame.
In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
REEDS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
An attractive player in the same industry includes Monster Beverage Corporation (MNST) with a Zacks Rank #1 (Strong Buy).
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