Why Reborn Coffee (REBN) Shares Are Up Over 100%

Zinger Key Points
  • Reborn Coffee shares are trading higher by 141% during Wednesday's session.
  • The company announced a significant expansion into the China market.

Reborn Coffee Inc REBN shares are trading higher by 141% to $4.18 during Wednesday’s session after the company announced a significant expansion into the China market through a strategic Master License Agreement with IAID Co.

Reborn says the partnership aims to introduce a novel coffee experience in Guangzhou, starting with a flagship location in a historic district. The venture aspires to redefine coffee culture in China, particularly in Guangdong Province.

The CEOs of both companies expressed excitement and confidence in this venture, viewing it as astep towards establishing Reborn Coffee’s presence in China’s major cities like Shanghai and Shenzhen.

See Also: Uber’s Profit Takes A Hit Despite Revenue Uptick, Stock Tanks

How To Buy REBN Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Reborn Coffee’s case, it is in the Consumer Staples sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, REBN has a 52-week high of $8.80 and a 52-week low of $0.92.

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