REEDS, Inc. REED was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up almost 29% in the past one-month time frame.
The company has seen 1 negative estimate revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
REEDS currently has a Zacks Rank #5 (Strong Sell).
A better-ranked stock in the same space is Primo Water Corporation PRMW sporting a Zacks Rank #1 (Strong Buy).
Is REED going up? Or down? Predict to see what others think: Up or Down
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