National Beverage attributes volatility to 'falsehoods' and 'rumors'
National Beverage Chairman and CEO Nick Caporella commented on recent market volatility: "FIZZ revenues have grown 60% over the last ten years - ALL ORGANIC GROWTH - NO ACQUISITIONS! Organic growth has now ACCELERATED! What's creating the volatility relative to the stock market with FIZZ? Today less than 15% of the daily volume traded on major exchanges is financially driven by company fundamentals. Over 50% of all daily exchange volume is driven by traders gambling on fleeting price moves and stocks paired with derivatives. Are perpetrators stimulating self-serving movement by stating falsehoods, creating rumors and deliberately manipulating FIZZ value? We think so!"