$KC -5.2% today — what's driving it?
$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. 👇
$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. 👇
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.
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?
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.
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.