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Stock Market & Financial Investment News

News Breaks
March 4, 2013
10:22 EDTGMCRGreen Mountain management to meet with Lazard Capital
Meeting to be held in Chicago on March 4 hosted by Lazard Capital.
News For GMCR From The Last 14 Days
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December 23, 2014
12:41 EDTGMCROn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq lagging but the Dow above the 18,000 level for the first time. After an upward revision to the government's estimate of third quarter GDP growth fueled a higher open for all three major averages, the Dow and S&P soon found a level and began to drift, though the Nasdaq struggled and moved into the red soon after the opening bell. The averages have been in a holding pattern since the opening hour, with volume remaining light during this holiday shortened week. ECONOMIC EVENTS: In the U.S., the Commerce Department sharply revised up its estimate of third quarter GDP growth to 5% from a previous annual rate of 3.9%. Durable goods orders fell 0.7% in November, missing expectations for them to have grown 3%. The FHFA home price index rose 0.6% in October to 215.4, beating expectations for the index to have risen 0.3%. The University of Michigan consumer sentiment index final reading for December came in at 93.6, which was roughly in-line with the consensus forecast. The Richmond Fed manufacturing index for December had a reading of 7, as expected. New home sales fell 1.6% to a 438K rate in November, versus the consensus expectation for them to have been up 0.4% to 460K rate. Personal income increased 0.4% in November, matching the consensus forecast, while consumer spending grew 0.6% during the month, which was just above the 0.5% growth forecast. COMPANY NEWS: Shares of Keurig Green Mountain declined nearly 2% after the coffee machine maker recalled about 7.2M MINI Plus brewers in the U.S. and Canada after receiving reports of hot liquid escaping from the units during use. MAJOR MOVERS: Among the notable gainers was Vanda Pharmaceuticals (VNDA), which jumped more than 15% after the company announced a drug licensing settlement with Novartis (NVS) that research firm JMP Securities said was more favorable to Vanda than investors had expected. Also higher was NQ Mobile (NQ), which gained 27% after its board of directors authorized a share repurchase program under which the company may repurchase up to $80M of its shares. Among the noteworthy losers was Achillion (ACHN), which fell 21% after RW Baird downgraded the stock to Neutral and said the top-line anti-viral data the company reported yesterday fell short of expectations. Also lower were a number of other biotechnology companies, including Celgene (CELG), Regeneron (REGN), Biogen Idec (BIIB) and Gilead (GILD), as the whole space appears to be having a delayed reaction to yesterday's Express Scripts (ESRX) decision to purchase AbbVie's (ABBV) lower cost HCV drug for most of the patients the PBM serves. INDEXES: Near midday, the Dow was up 75.04, or 0.42%, to 18,034.48, the Nasdaq was down13.18, or 0.28%, to 4,768.24, and the S&P 500 was up 4.48, or 0.22%, to 2,083.02.
10:33 EDTGMCRKeurig shares decline after MINI Plus brewer recall
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10:04 EDTGMCRKeurig Green Mountain calls active on recall of Keurig MINI Plus Brewing Systems
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10:04 EDTGMCRKeurig Green Mountain falls on recall, levels to watch
The shares are down 2.6% to $136.13 at time of writing. At that price next support is at $134.40. Resistance is at $137.99, the high of the session.
09:22 EDTGMCRKeurig Green Mountain comments on MINI Plus brewer recall
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09:18 EDTGMCROn The Fly: Pre-market Movers
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09:02 EDTGMCRKeurig Green Mountain down 3% in pre-market after recalling 7M brewers
07:28 EDTGMCRKeurig recalls Keurig MINI Plus Brewing Systems
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December 15, 2014
06:38 EDTGMCRKeurig Green Mountain transferring coffee buying to Switzerland, Reuters says
Keurig Green Mountain is moving a majority of its U.S. coffee buying operations to Switzerland, emulating its competitors, according to Reuters. The move will make the company "a global beverage player," Reuters quoted a Green Mountain spokeswoman as saying. Reference Link

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