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Green Mountain Coffee (GMCR -10.4%) is off sharply today, giving back a large chunk of its...
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Tuesday, December 13, 2011, 2:29 PM ETGreen Mountain Coffee (GMCR -10.4%) is off sharply today, giving back a large chunk of its post-crash gains. The culprit may be Symphony/IRI data claiming the market share and average selling price of Green Mountain's K-Cups fell in November. However, the declines are modest in scope.
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It was pumped by an analyst at William Blair and Co 09DEC
The story
http://bit.ly/tkFZbj
From Bloomberg
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) are lower in afternoon trading following reports that the market share of the company's K-Cup unit dropped 0.3% in the four weeks ending Nov. 27.
Analysis by a Bloomberg analyst, who cited Symphony/IRI data, also showed that the average unit price for K-Cups fell 1% over the four week period. At last look, Green Mountain's stock was down $5.14, or 9.10%, to $51.35.
Glad I was on the sidelines