Alright, listen up. REED just pulled off the big leagues move—$10M offering and uplisting to NYSE American. That’s a credibility rocket. 🚀 But the chart tells the real story: price is stuck *below* the sinking 21-period WMA, and the RSI is hanging out in the oversold basement (~35). Feels like the "sell the news" crowd showed up after the pop. Volume is anemic now—nobody’s buying the hype yet. I’m calling a cautious HOLD. Let this consolidation shake out. #PatiencePays

Reed's, Inc. engages in the manufacture and distribution of natural hand-crafted beverages in the craft specialty foods industry in the United States, Canada, Asia, Europe, Australia, and South America. It offers Reed's craft ginger beers; Reed's real ginger ales; Reed's ready to drink products; Virgil's handcrafted sodas; ginger candy; and other ginger beverages under the Reed's brand. Reed's, Inc. sells its products to natural food and gourmet retailers, grocery store chains, mass merchants, club stores, convenience and drug stores, liquor stores, industrial cafeterias, and on-premise bars and restaurants through distributors and independent distributor partners, as well as direct to store distribution. It also exports its products to France, the United Kingdom, South Africa, the Caribbean, Canada, Spain, the Philippines, Israel, Australia, Asia, rest of Europe, and South America. The company was formerly known as Original Beverage Corporation and changed its name to Reed's, Inc. in 2001. Reed's, Inc. was founded in 1987 and is headquartered in Norwalk, Connecticut.

Reed's, Inc. REED: 2.17 USD

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