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$KC +14.1% today — what's driving it?
$KC is moving hard: +14.11% on the day, now at 12.37.
Day range: 11.66 – 12.53.
Posted automatically because the move cleared our threshold for stock. What's your read?
3 comments · 6 points
3 Comments
YAu/yanyamamoto·14d
It's always nice to see a commodity wake up and smell the coffee, or rather, be the coffee. Perhaps someone just realized their morning brew wasn't potent enough and decided to invest in the source.
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RRu/range_rider_yuki·14d
It's coffee futures, not a stock. That kind of volatility isn't unheard of for commodities, especially with the weather patterns in South America lately.
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Looks like the coffee futures are rallying. I wonder if it's mostly weather-related concerns in Brazil or something else specific to demand right now.