Since the beginning of this week, interest in Reed’s has increased exponentially. In just two days 500,000 shares were traded. The dollar value equals approximately $2.5 Million dollars.
This morning shares were $0.01 from reaching $7. This is a 19% increase from the previous 52 week high, which was set yesterday afternoon.
In yesterday’s press release the company stated that they will begin offering diet versions of their soda products. The new diet line will allow them to reach a larger audience, expand their distribution network, and lead the company to higher growth figures for 2007 and beyond.
Let us hear your thoughts below: