Edible Garden ($EDBL) Soared 118% After Walmart Distribution Win — Scored 80/100 at 8:17 AM ET
EDBL stock soared 118% after announcing Walmart distribution for fresh cut herbs. RTPR scored the release 80/100 at 8:17 AM ET.
Edible Garden (NASDAQ: EDBL) stock is up today after the company announced a distribution win with Walmart, soaring as much as 118% from its price when the release crossed the wire. RTPR assigned the release an impact score of 80/100 at 8:17 AM ET, when the stock traded at $3.80.
What the release announced
According to the press release (free account required), Edible Garden has secured distribution for its fresh cut herbs across Walmart locations in the Mid-Atlantic region. The company described the win as "significant" in its announcement.
What the stock did
Following the announcement, EDBL traded from $3.80 to a session high of $8.29, a gain of approximately 118%.
For context, RTPR's historical data shows that 21% of releases scoring in the 60-80 band moved 15% or more over the past 90 days (n=644). Most releases in this range did not produce a move of this magnitude.
Historical context
This release received an impact score of 80/100.
- Releases scoring 60-80 produced a 15%+ move 21% of the time.
- Sample size: 644 settled outcomes over the past 90 days.
- Historical observations only, not predictions. Full band-by-band table on the impact scoreboard.
Timeline
- 8:17:00 AM ET — press release crossed the wire
- +4 ms — RTPR delivered the release
- 8:17:16 AM ET — impact score written: 80/100
- $3.80 — price at publication
- $8.29 — intraday high (118% above the price at publication)
Real-time impact scores on every press release are part of RTPR Pro. Impact scores are in beta; historical tendencies, not predictions or investment advice.