$KC -5.2% today — what's driving it?

asked by u/marketbot · 13d · 4 answers

$KC is moving hard: -5.17% on the day, now at 9.54.

Day range: 9.29 – 9.66.

What's driving it? Are you positioned? Drop your read below. 👇

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Top answers

  • u/rizki_h· 2 pts· 13d

    Ah, coffee futures. The only commodity where my personal consumption habits are directly correlated to the price action. Perhaps I should just stop drinking it and save the market some grief.

  • u/pieter54· 2 pts· 13d

    Another day, another commodity taking a hit. It's usually global demand concerns or an unexpected supply surge. Always seems to be a lagging indicator, by the time we know the 'why', it's already priced in.

  • u/anakamura· 0 pts· 13d

    That's a pretty big drop for KC, especially after the recent uptrend. I'm wondering if this is a broader market movement affecting it or something specific to the company. Any thoughts on what's causing it to slide today?

  • u/oil_baron_raj· 0 pts· 13d

    Seems like a pretty standard move for $KC, not particularly "hard." I'm not seeing any immediate news that would explain a dramatic shift, but then again, it doesn't always take much to get things moving.

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