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Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) Stock Gets 26% Boost from Deal
Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) stock climbed 26% today (Thursday) and surged as much as 60% after-hours Wednesday following the announcement of a strategic deal with The Coca-Cola Co. (NYSE: KO).
[rwc_chart_single name="GMCR"]
Investors cheered the news that the Waterbury, Vt.-based company has signed a 10-year agreement with the world's largest beverage company. Over the next decade, the pair will collaborate on developing and introducing Green Mountain signature K-cups for Coke's global brands, to be used in GMCR's home brewing machines.
Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) stock climbed 26% today (Thursday) and surged as much as 60% after-hours Wednesday following the announcement of a strategic deal with The Coca-Cola Co. (NYSE: KO).
[rwc_chart_single name="GMCR"]
Investors cheered the news that the Waterbury, Vt.-based company has signed a 10-year agreement with the world's largest beverage company. Over the next decade, the pair will collaborate on developing and introducing Green Mountain signature K-cups for Coke's global brands, to be used in GMCR's home brewing machines.