New Age Beverages (NBEV) Stock: Continues Upward As Rumors Thicken


New Age Beverages NBEV Stock NewsNew Age Beverages Corp (NASDAQ: NBEV) is having yet another strong start to the trading session this morning after decent gains were clocked in yesterday’s session. The movement seems to be associated with rumors that Coca-Cola (KO) is interested in taking the company over. Today, those rumors are thickening. Below, we’ll talk about:

  • The rumors;
  • what we’re seeing from NBEV as a result; and
  • what we’ll be watching for with regard to the stock ahead.

NBEV Takeover Rumors Thicken

As mentioned above, New Age Beverages had a strong start in the trading session yesterday and those gains are continuing. Ultimately, the gains have to do with chatter that the company may be taken over as it mulls interest in creating several drinks that include CBD oil. NBEV has even gone as far as to trademark names like CBD TEA and others.

As the company is showing interest in CBD oil related drinks, rumors are surfacing that Coca-Cola wants to get involved in the pot market. First the company was rumored to be in talks with a Canadian marijuana company known as Aurora Cannabis. However, rumors quickly went on to include NBEV as a potential takeover target.

While the rumors are leading to gains, it’s important to be cautious. At the end of the day, market manipulation isn’t as uncommon as you might thing, and one of the most common forms of manipulation is the takeover rumor. Without confirmation from any of the parties involved in the rumor, it should be treated as such. So, if you’re going to make a move on this news, it’s important to move with caution.

What We’re Seeing From The Stock 

One of the first lessons that we learn when we start to dive into the market is that it’s important to keep a close eye on the news. After all, the news moves the market. In the case of New Age Beverages, the news is being viewed as positive. If a takeover were to happen, it would likely happen at a strong premium, offering a decent return of value for investors. So, it comes as no surprise that excited investors are pushing the stock toward the top in the market this morning. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:54), NBEV is trading at $2.45 per share after a gain of $0.15 per share or 6.52% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on NBEV. In particular, we’re interested in following the story surrounding the company’s potential takeover as well as its work to bring CBD-related drinks to the market. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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