New Age Beverages Shares Up; Tweet Indicates 'Big News' From Nestea

Date : 10/16/2019 @ 6:21PM
Source : Dow Jones News
Stock : Nestle S.a. (PC) (NSRGY)
Quote : 104.72  -0.58 (-0.55%) @ 9:05PM
After Hours
Last Trade
Last $ 104.72 ◊ 0.00 (0.00%)

New Age Beverages Shares Up; Tweet Indicates 'Big News' From Nestea

New Age Beverages (NASDAQ:NBEV)
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By Josh Beckerman

 

New Age Beverages Corp. (NBEV) shares recently traded up 17%, to $3.21, as a company tweet mentioned "Big news coming from #Nestea."

New Age acquired distribution rights for several brands including Nestea in the July purchase of Brands Within Reach Inc., also adding Illy Ready-to-Drink Coffee, Volvic and Evian. New Age's other brands include Marley, Tahitian Noni and Coco-Libre.

Nestea is a Nestle SA (NESN.EB) product.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

October 16, 2019 14:06 ET (18:06 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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