Late-week break higher from Keurig Green Mountain


Keurig Green Mountain (GMCR +3.3%) break higher in afternoon trading to climb back over $116.

Shares of GMCR have been swapping hands in a narrow band since Coca-Cola raised its stake in the company to 16%.

Today's action is a momentum move not based on news, according to some traders.

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Comments (5)
  • markb
    , contributor
    Comments (583) | Send Message
     
    "Today's action is a momentum move not based on news, according to some traders."

     

    Pretty unusual spike. Perhaps not based on "publicly available" news.
    6 Jun 2014, 05:59 PM Reply Like
  • 2 Macbooks Airs and a Mini
    , contributor
    Comments (49) | Send Message
     
    8.5% move in less than 2 1/2 hrs with no news?
    6 Jun 2014, 09:01 PM Reply Like
  • newmone
    , contributor
    Comments (314) | Send Message
     
    As a product designer, I bought their machine and was very impressed with the delicious coffee it made.
    Had a look inside, and wow, it's more complex than $6000 medical devices I have worked on.
    The consumer is getting terrific value on that $90 coffee maker, I guess the consumables pay for it eventually.
    7 Jun 2014, 12:43 AM Reply Like
  • UU4u
    , contributor
    Comments (99) | Send Message
     
    Believe the news was Coca Cola increasing their stake to become largest shareholder.
    And I really like the Keurig coffee maker and Green Mountain coffee.
    Coke smart to prepare for the decrease to continue in soft drinks with carrying
    around the heavy bottle and cans. I cheer that trend because of less land fill,
    since most don't recycle.
    I sold half my stake in GMCR for good gain, but am keeping the rest.
    7 Jun 2014, 09:31 AM Reply Like
  • my gal
    , contributor
    Comments (15) | Send Message
     
    Look at the June call options.
    7 Jun 2014, 09:49 AM Reply Like
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