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New Age (NBEV) Catches Eye: Stock Jumps 5.8%

Zacks

New Age Beverage Corporation NBEV was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 9.3% in the past one-month time frame.

The move came after the company announced the expansion of Aspen PureProbiotic, world's first probiotic water with more than 10 billion live colony forming units developed by New Age, throughout the more than 2,000 Ahold Delhaize banner stores across 23 states, with particular strength along the East Coast in the United States.

The company has seen a mixed track record when it comes to estimate revisions of no increase and decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

New Age currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.


New Age Beverage Corporation Price

A better-ranked stock in the Consumer Staples sector is Pepsico, Inc. PEP, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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