What's Going On With Splash Beverage Stock Thursday?

Splash Beverage Group, Inc. (NYSE:SBEV) stock is up during Thursday’s premarket session. On Wednesday, the company provided a corporate update on its NYSE compliance process and ongoing strategic transaction initiatives. Splash Beverage disclosed that it submitted a compliance plan to the NYSE on May 28, 2026. The company outlined actions to restore compliance with listing standards following a notification of non-compliance received on April 29, 2026. The company is actively engaging with NYSE staff and is awaiting a determination on its plan. It will allow SBEV to continue executing compliance initiatives through January 29, 2027. Why Splash Beverage Stock Is Rising Splash Beverage stock jumped more than 50% in Thursday’s premarket trading, bucking a weaker market as investors piled into the micro-cap beverage stock. The sharp gain follows a difficult year for the company. Despite Thursday’s rally, the stock remains down more than 93% over the past 12 months. Such moves are common among heavily beaten-down micro-cap stocks. Traders often target these names when momentum improves or shares break above key technical levels. At about 37 cents, Splash Beverage shares moved back above several short-term moving averages, a signal many traders view as a sign of improving momentum. Technical Analysis Short-term momentum has strengthened significantly. The stock is trading 73.6% above its 20-day simple moving average of 21 cents and 22.8% above its 50-day simple moving average of 29 cents. The longer-term trend remains weak. Shares are still 18.3% below the 100-day simple moving average of 44 cents and 64.6% below the 200-day simple moving average of $1.01. The relative strength index, or RSI, stands at 53.03. That is a neutral reading and suggests the stock is not yet in overbought territory. However, the broader chart still points to a bearish trend. The 20-day moving average remains below the 50-day moving average, while the 50-day average remains below the 200-day average. Key resistance sits near 44 cents, which aligns with the 100-day moving average. Key support is near 29 cents, around the 50-day moving average. SBEV Stock Price Activity: Splash Beverage Group shares were up 51.53% at $0.37 during premarket trading on Thursday, according to Benzinga Pro data. Photo via Shutterstock