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Reborn Coffee Inc (NASDAQ:REBN) shares are trading higher by 40% to $3.90 during Wednesday’s session. The company announced an expansion into China through a Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co.
The company says this partnership, facilitated by Reborn China, will establish Reborn Coffee’s presence in Shenyang, the capital of Liaoning Province, which has over 43 million residents. According to the company, this collaboration combines Reborn Coffee’s expertise in retail operations with Shenyang Yongsheng’s strong influence in tourism.
Reborn Coffee says the flagship store in Shenyang will set the stage for further expansion across Liaoning Province and beyond, reflecting Reborn Coffee’s commitment to quality and innovation.
By now you're likely curious about how to participate in the market for Reborn Coffee – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, REBN has a 52-week high of $8.80 and a 52-week low of $0.92.
Posted In: REBN
