Why NewAge Beverages Stock Got Clobbered Today

Why NewAge Beverages Stock Got Clobbered Today

Shares of NewAge Beverages (NASDAQ: NBEV) have gotten clobbered today, down by 7% as of 3:15 p.m. EDT, after the company reported second-quarter earnings. NewAge is also preparing to close its previously announced merger with a handful of e-commerce and direct channel companies.