Why NewAge Stock Popped on Tuesday
NewAge (NASDAQ: NBEV) shareholders trounced the market on Tuesday. The stock was up 13% as of 3 p.m. EDT, even as the S&P 500 ticked slightly higher, according to data provided by S&P Global Market Intelligence.
The rally just erased part of the losses that investors have seen in recent weeks, though. It was sparked by a well-received earnings report from the organic and health-foods specialist.
Source Fool.com