Overall market sentiment has been down on Reed's, Inc. (REED) stock lately. REED receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With REED Stock Today?
Reed's, Inc. (REED) stock has gained 45% while the S&P 500 is down -1.07% as of 1:43 PM on Tuesday, May 4. REED is up $0.45 from the previous closing price of $1.00 on volume of 55,557,376 shares. Over the past year the S&P 500 has risen 45.91% while REED is up 150.00%. REED lost -$0.17 per share in the over the last 12 months.
To see the top 5 stocks in the Beverages - Non-Alcoholic industry click here.
More About Reed's, Inc.
Reed's Inc sells Ginger Beer brand. Its Virgil brand is independent, all-natural craft soda brand. The company's portfolio has sold in over 20,000 retail doors across the natural, specialty, grocery, drug, club and mass channels nationwide. The company hand brews its products using fresh organic ginger combined with natural spices and fruit juices. The Ginger Beers come in three levels of increasing ginger intensity that deliver a delicious and powerful ginger bite and burn that can only come from fresh ginger root.
Click Here to get the full Stock Score Report on Reed's, Inc. (REED) Stock.
