Reed’s, Inc. (REED): Neal Cohane , SVP SALES of Reed’s, Inc. purchased 10,000 shares on May 12, 2016. The Insider buying transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.90 per share for a total value of $39,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Daniel V. Miles (CFO) purchased 10,000 shares at $3.90 per share price.On May 13, 2016, Christopher J Reed (CEO) purchased 10,000 shares at $3.90 per share price.Also, On Feb 25, 2016, Neal Cohane (SVP SALES) purchased 12,046 shares at $5.10 per share price.
Reed's: On Tuesday, May 10, 2016 heightened volatility was witnessed in Reed's which led to swings in the share price. The shares opened for trading at $4.29 and hit $4.5 on the upside , eventually ending the session at $4.5, with a gain of 6.38% or 0.27 points. The heightened volatility saw the trading volume jump to 52,853 shares. The 52-week high of the share price is $6.91 and the company has a market cap of $59 M . The 52-week low of the share price is at $4.
Company has been under the radar of several Street Analysts.Reed's is Initiated by Wunderlich to Buy and the brokerage firm has set the Price Target at $10. The Rating was issued on Mar 22, 2016.
Reed’s Inc. develops manufactures markets and sells natural non-alcoholic carbonated soft drinks Kombucha candies and ice creams. The Company manufactures markets and sells seven product lines which include Reed’s Ginger Brews; Virgil’s Root Beer Cream Sodas Dr. Better and Real Cola including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed’s Ginger Chews; Reed’s Ginger Ice Creams and Sonoma Sparkler Sparkling Juices. The Company also has private label business. It manufactures and sells around 31 beverages four candies and three ice creams. Reed’s line contains the following products: Reed’s Original Ginger Brew Reed’s Premium Ginger Brew Reed’s Raspberry Ginger Brew Reed’s Spiced Apple Brew Reed’s Cherry Ginger Brew Reed’s Light 55 Calories Extra Ginger Brew Reed’s Natural Energy Elixir and Reed’s Nausea Relief. The Company also distributes other brands including China Cola Sonoma Sparkler and Flying Cauldron Butterscotch Beer.