National Beverage Corp (NASDAQ: FIZZ) produces sparkling water, juices, energy drinks and carbonated soft drinks. On Friday, the company closed 7.86% lower on significant volume. As the price was wilting, the bearish option activity was heating up. The move was a breakout from a bullish channel since April and coupled with the option activity is a signal for a much larger bearish move. While there was no significant news that caused the price to fall, the option activity was significant on Friday. The option volume was over 10 times the average with almost all of the volume occurring on...
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