REED - Reed's soars after landing CVS deal; see who called it

Reed's ([[REED]] +38.0%) soars after the company announces further distribution with CVS Pharmacy into over 1,000 stores. Reed's says the expansion builds on the tremendous response the retailer received for the existing availability of Reed’s Extra and Zero Sugar Extra Ginger Beer, which is crafted with real fresh, organic ginger root in a Jamaican-inspired recipe. "Over the past year, Reed’s Inc. has been rapidly expanding our distribution across all channels, and we are excited to increase availability of Reed’s and Virgil’s beverages at CVS Pharmacy locations across the country," notes Reed's CEO Norman Snyder,Source: Press ReleaseReed's traded as high as $1.68 earlier in the session to carve out a new 52-week high. Seeking Alpha author Courage & Conviction Investing recommended REED at $1.13.

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Reed's soars after landing CVS deal; see who called it