6.25 +0.06 (0.97%)
Pre-Market: 8:35AM EDT
|Bid||6.26 x 1000|
|Ask||6.29 x 800|
|Day's Range||6.02 - 6.49|
|52 Week Range||1.30 - 9.99|
|Beta (3Y Monthly)||4.43|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.50|
New Age Beverages (NASDAQ:NBEV) notes that Gregory Gould is joining it as the next CFO of the company. Gould is taking over the position from former CFO John Price, who is leaving the company for personal family reasons. The boost to New Age Beverages stock likely has to do with Gregory Gould’s 20 years of experience.
DENVER, CO / ACCESSWIRE / October 12, 2018 / NEW AGE BEVERAGES CORPORATION (NASDAQ: NBEV), the Colorado-based organic, natural and healthy functional beverage company focused on becoming the world's leading healthy beverage company, today announced the appointment of Gregory A. Gould as its new Chief Financial and Administrative Officer. Mr. Gould brings more than 20 years of finance experience to New Age. Prior to Evolve he was CFO for Aytu Bioscience (AYTU), Ampio Pharmaceuticals (AMPE), SeraCare Life Sciences and Atrix Laboratories.
The maker of voguish drinks hit the hottest trend of them all in September. Coming soon: cannabidiol-based beverages.
The North American Convenience Store show has come and gone, but the CBD-infused product line that New Age Beverages introduced this week lives on.
The latest, newest pot stock, Pyxus International (NYSE:PYX), is taking off. Pyxus stock has roughly tripled so far this year, with PYX stock gaining 37% on Monday based on, apparently, a single tweet. Pyxus’ story is intriguing enough that I expect many investors will be willing to look past the risks for some time to come.
DENVER, CO / ACCESSWIRE / October 10, 2018 / NEW AGE BEVERAGES CORPORATION (NASDAQ: NBEV), the Colorado-based organic, natural and healthy functional beverage company, intending to become the world's leading healthy beverage company, today announced the debut of its portfolio of CBD-Infused beverages from its Health Sciences Division. New Age debuted its portfolio of CBD-infused relaxation tea's, CBD-infused sparkling waters, and CBD-infused shots, each with 25mg of full-spectrum CBD. Planned launch with major retailers and distributors nationally as soon as the Farm Bill is enacted, utilizing New Age's existing national distribution footprint and penetration in 40 of the top 50 retailers in North America.
Marijuana stock fever is in full swing. Until recently, just a few major marijuana stocks attracted most speculative interest, with Canopy Group Corporation (NYSE:CGC) and Tilray (NASDAQ:TLRY) leading the charge. There’s no guarantee that the marijuana stock craze will end up the same way.
Shares of India Globalization Capital Inc. plunged toward its biggest-ever one-day decline, as they extended their pullback following the meteoric run up after the company said it was entering the cannabidiol-infused energy drink space. The stock plummeted 37.1% in afternoon trade, the biggest decline since it went public in April 2006, amid a broad selloff in cannabis stocks. The three biggest declines have occurred over the past three sessions, including a 31.9% selloff on Wednesday and Thursday's 27.6% dive. Before that, the biggest decline was 27.0% on Feb. 19, 2009. The current three-session losing streak follows a near six-fold run up in five days (up 458%). Among other more-active marijuana stocks, New Age Beverages Corp. slipped 0.4%, Tilray Inc. lost 7.2%, Cronos Group Inc. shed 7.7%, Canopy Growth Corp. dropped 3.8% and Aurora Cannabis Inc. gave up 2.3%. Meanwhile, Level Brands Inc.'s stock rallied 14%. The ETFMG Alternative Asset ETF tumbled 3.1% with 27 of 33 components losing ground, while the S&P 500 lost 1.1%.
According to New Age Beverages (NASDAQ:NBEV) CEO Brent Willis, the company is preparing to show off its new line of CBD drinks next week. While that’s good news for New Age Beverages stock, it isn’t the major launch that some investors may be hoping for. Instead, the company is still talking to retailers about selling the drinks in states where they are legal.
The marijuana momo (momentum) crowd was excited about PepsiCo reporting its earnings and perhaps giving hints about entering a new market. My purpose of writing this column is to help marijuana investors avoid this kind of mistake. For the sake of complete transparency, those are exactly the same charts without any changes that were previously published at the time of Pepsi (PEP) releasing its earnings.
It takes skill to trade marijuana stocks, especially marijuana-beverage stocks, which are not good long-term investments.
China names dragged on the Nasdaq, Edwards slumped to the bottom of the S&P 500 and Intel led the Dow at Tuesday's open, as stocks stepped off a weak open.
Stock futures: Hot IPO Stitch Fix earnings topped, but other metrics missed. Stitch Fix stock dived. Marijuana plays New Age Beverages, India Globalization and DavidsTea were volatile.
Shares of the niche beverage maker pulled back after a two-day rally as investors look forward to next week's big product release.
DENVER, CO / ACCESSWIRE / October 2, 2018 / NEW AGE BEVERAGES CORPORATION (NASDAQ: NBEV), the Colorado-based organic and natural healthy functional beverage company intending to become the world's leading healthy beverage company, today announced that it has been invited to present at the 4th Annual B. Riley FBR Consumer & Media Conference. Brent David Willis, Chief Executive Officer of New Age Beverages Corporation, will be giving the presentation, discussing major strategic initiatives and conducting one on one meetings with major institutional investors. The New Age Beverages Corporation presentation will be broadcast live for all investors to participate with the support of Wall Street Webcasting.