Reed's COO Thierry Foucaut Acquires 10,837 Shares (REED)
Reed's (NYSE:REED) COO Thierry Foucaut bought 10,837 shares of the company’s stock on the open market in a transaction dated Tuesday, January 7th. The stock was purchased at an average cost of $8.57 per share, for a total transaction of $92,873.09. Following the acquisition, the chief operating officer now directly owns 72,007 shares of the company’s stock, valued at approximately $617,100. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on REED shares. Analysts at Midtown Partners initiated coverage on shares of Reed's in a research note to investors on Thursday, November 14th. They set a “strong-buy” rating and a $8.18 price target on the stock. Analysts at Singular Research initiated coverage on shares of Reed's in a research note to investors on Thursday, October 24th. They set a “buy” rating and a $9.50 price target on the stock.
Reed's (NYSE:REED) traded up 3.38% on Tuesday, hitting $8.57. 144,553 shares of the company’s stock traded hands. Reed's has a 52 week low of $3.80 and a 52 week high of $8.98. The stock has a 50-day moving average of $6.89 and a 200-day moving average of $5.94. The company’s market cap is $109.8 million.
Reed’s, Inc develop, manufacture, market, and sell natural non-alcoholic and New Age beverages, candies and ice creams.
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