Reed's (REED) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 8 from a previous price target of $10 . Wunderlich advised their investors in a research report released on Aug 5, 2016.
Many Wall Street Analysts have commented on Reed's. Shares were Reiterated by Maxim Group on Jun 6, 2016 to “Buy” and Lowered the Price Target to $ 7 from a previous price target of $10 .
Reed's closed down -0.0401 points or -1.55% at $2.55 with 38,235 shares getting traded on Thursday. Post opening the session at $2.71, the shares hit an intraday low of $2.55 and an intraday high of $2.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 13, 2016, Neal Cohane (SVP SALES) purchased 10,000 shares at $3.90 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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.