Reed’s, Inc. (REED) Files Form 4 Insider Buying : Daniel V. Miles Buys 8,000 Shares

Reed’s, Inc. (REED): Daniel V. Miles , Chief Fiancial Officer of Reed’s, Inc. purchased 8,000 shares on Sep 26, 2016. The Insider buying transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.62 per share for a total value of $28,960.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 7, 2016, Daniel V. Miles (CFO) purchased 5,000 shares at $3.59 per share price.On May 13, 2016, Neal Cohane (SVP SALES) purchased 10,000 shares at $3.90 per share price.Also, On May 13, 2016, Christopher J Reed (CEO) purchased 10,000 shares at $3.90 per share price.

Reed's: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Reed's which led to swings in the share price. The shares opened for trading at $3.47 and hit $3.5987 on the upside , eventually ending the session at $3.51, with a gain of 0.86% or 0.03 points. The heightened volatility saw the trading volume jump to 55,437 shares. The 52-week high of the share price is $6.91 and the company has a market cap of $49 M . The 52-week low of the share price is at $2.25.

Reed's Money Flow Index Chart

Company has been under the radar of several Street Analysts.Reed's is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 8 from a previous price target of $10 . The Rating was issued on Aug 5, 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.

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