Reed’s (NYSE:REED) CFO Daniel V. Miles acquired 5,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was acquired at an average price of $3.59 per share, with a total value of $17,950.00. Following the acquisition, the chief financial officer now owns 30,000 shares in the company, valued at approximately $107,700. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Separately, Zacks Investment Research cut Reed’s from a “buy” rating to a “sell” rating in a report on Tuesday, May 17th.
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Reed’s (NYSE:REED) opened at 3.59 on Thursday. Reed’s has a 1-year low of $2.25 and a 1-year high of $6.91. The stock has a 50 day moving average price of $2.84 and a 200-day moving average price of $3.70. The stock’s market cap is $49.93 million.
Reed’s, Inc develops, manufactures, markets and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies and ice creams. The Company manufactures, licenses, markets and sells several product lines, such as 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 candy and ice creams, and Sonoma Sparkler and other juice based products.
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