5 Beverage Stocks To Research Today: ROAG, REED, WTER, ABEV, SBEV
Following were the most active stock buzzers on Monday. Keep an eye on these stocks this week.
Rogue One Inc. (OTCMKTS:ROAG) is an up-and-coming alcohol play for educated speculative investors. The tequila-focused company acquired Human Brands, which has generated an average of 302% annual revenue growth and has increased its asset holding by 2000% since 2015. This revenue is yet to be reflected on a filing, that rather large piece of news could hit any day. Now is a good time to add ROAG to your watchlist.
Xcel Brands Inc (NASDAQ:REED) stock continued to lose momentum in the previous trading session. The stock went down by 4.80% to $0.2772 with more than 2.19 million shares traded hands, well above its average volume of 513K shares.
The company announced the closing of its previously announced private placement with certain institutional and accredited investors of 18,594,571 shares of common stock and warrants to purchase up to an aggregate of 9,297,289 shares of common stock, for an aggregate gross proceeds of $5.4 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.
The Alkaline Water Company Inc. (NASDAQ:WTER) was another active stock buzzer on Monday. The stock closed higher by 4.41% to $0.82 with more than 604k shares traded hands, below its average volume of 1.07 million shares.
Recently, the company announced that Company president and CEO, Ricky Wright, and Company chairman, Aaron Keay, will be participating in separate panels at the 34th Annual Roth Conference taking place at the Ritz Carlton, Laguna Niguel in Dana Point, California.
Ambev S.A. (NASDAQ:ABEV) was one of the biggest percentage gainers on hefty volume. The stock surged 1% to close at $2.62 after hitting a session high of $2.65.
Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, President Light, Bohemia,
Splash Beverage Group Inc.. (NASDAQ:SBEV) stock had a volatile session as the stock moved higher by 3% to $2.75 on volume of 352k shares, well above its average volume of 4.96 million shares.
The company revealed expansion of its existing agreement with AB ONE, the wholly-owned distribution network of Anheuser-Busch InBev (NYSE: BUD), to include AB ONE SoCal (Southern California). Robert Nistico, CEO of Splash Beverage, said, “AB ONE SoCal services more than 15,000 accounts and covers one of the most populous regions of the country.”