REED Stock: From $1 To $1.68 (68% Increase) Intraday Explanation

By Amit Chowdhry ● May 4, 2021
  • The stock price of Reed’s, Inc. (NASDAQ: REED) increased from $1 to $1.68 during intraday trading today. This is why it happened.

The stock price of Reed’s, Inc. (NASDAQ: REED) increased from $1 to $1.68 during intraday trading today. Investors appear to be responding positively to Reed’s Inc. (Nasdaq: REED), maker of the nation’s leading portfolio of handcrafted and all-natural beverages, announcing further distribution with CVS Pharmacy as the company’s best-selling varieties expand into over 1,000 stores.

This increased distribution brings more better-for-you beverage options from Reed’s (America’s #1 ginger company) and Virgil’s (a full line of handcrafted sodas) to CVS Pharmacy consumers. This expansion builds on the tremendous response the retailer received for the existing availability of Reed’s Extra and Zero Sugar Extra Ginger Beer, which is crafted with REAL fresh, organic ginger root in a Jamaican-inspired recipe.

By moving more prominently into CVS Pharmacy stores, in addition to Reed’s Ginger Beer, the all-natural beverage multipack options now include Reed’s REALLY REAL Ginger Ale Original and Zero Sugar – the only ginger ale on the market made with 2,000 mg of REAL, fresh-pressed organic ginger, as well as Certified Ketogenic sodas from Virgil’s in Zero Sugar flavors such as Root Beer, Cream Soda, and Cola, that are handcrafted with a proprietary natural sweetener system and no artificial preservatives.

Reed’s and Virgil’s also retail at grocery and convenience stores nationwide, and online at the Reed’s and Virgil’s Amazon Storefronts, as well as the Reed’s and Virgil’s Online Stores.

KEY QUOTE:

“Over the past year, Reed’s Inc. has been rapidly expanding our distribution across all channels, and we are excited to increase availability of Reed’s and Virgil’s beverages at CVS Pharmacy locations across the country. Growing from just two of our Ginger Beers at CVS Pharmacy, to now retailing multiple varieties from Reed’s and Virgil’s, shows our company’s unstoppable momentum to meet the demand from consumers and retailers alike for more all-natural alternatives.”

— Norman E. Snyder, CEO of Reed’s, Inc.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.