One of the market’s wildest stocks, Green Mountain Coffee Roasters Inc. (GMCR), is back at it again, with its shares rising as much as 25% in Tuesday’s post-market trading after better-than-expected results.
Green Mountain, which in the past 14 months has seen its stock hit a high of $115.98 and a low of $17.11, closed Tuesday at $28.95. But a 22% jump in its fiscal fourth quarter profit and raised earnings guidance moved its shares back into the $35 range. Looks like Wednesday could be a busy day for the stock.
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