Green Mountain Coffee Tanking (GMCR)

Shares of Green Mountain Coffee Roasters GMCR are taking it on the chin today. Shares of the Keurig coffee maker are off $1.85, or 5.86%, to $29.71. More than 2 million shares have already been traded versus the three-month daily average of 2.4 million. There is no specific news to account for today's selloff. But, GMCR is a high-flying growth stock that trades at 25 times next year's earnings. With concerns about global growth slowing, a weak U.S. housing market, and a weak consumer, traders may be ditching GMCR for safer plays. Is AAPL a Buy, Sell or Hold? Click Here.
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Posted In: Intraday UpdateMoversConsumer StaplesPackaged Foods & Meats
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