Looks like I was indeed a bit premature with my revisit of Keurig’s stock (GMCR). GMCR reported their latest quarter last night, and in the after and pre-market hours investors have taken their K-cups out to the woodshed for slaughter.
GMCR closed at $74.98 yesterday, and today sits at $52.15, approximately one hour before normal trading hours start (screenshot above). Normally I would ignore after-hours trading, but the volume here is significant. I don’t know what is going to happen when the markets do open, and I would not be surprised to see GMCR make a strong move in either direction from its current price. I do not have any positions in GMCR, but like a car crash I just can’t stop watching this stock.
Disclosure: I have no positions in any stocks mentioned in this post and have no plans to initiate any positions in any stocks mentioned at the time this was written. This post is for informational purposes only and is not intended as investment advice for anyone.