Green Mountain Coffee to Join Nasdaq 100

by Christopher Freeburn | August 16, 2013 9:23 am

Green Mountain Coffee to Join Nasdaq 100

GreenMountainCoffeeRoastersLogo Green Mountain Coffee to Join Nasdaq 100[1]On Thursday, Green Mountain Coffee Roasters (GMCR[2]) announced that it will soon become part of three stock indexes[3].

The coffee maker will join the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index and the NASDAQ-100 Ex-Tech Sector Index before the beginning of trading on August 22, according to a statement from the Nasdaq OMX Group (NDAQ[4]).

Investors liked the news, sending shares of Green Mountain Coffee Roasters up more than 2% in pre-market trading on Friday.

Green Mountain Coffee Roasters will replace Life Technologies (LIFE[5]) on the indexes.

Last month, the company was reported to be readying a new version of its popular Keurig coffee brewers[6], capable to making an entire pot of coffee instead of just single cups. The Keurig BOLT Carafe Brewing System is expected to hit store shelves this fall.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2010/08/GreenMountainCoffeeRoastersLogo.jpg
  2. GMCR: http://studio-5.financialcontent.com/investplace/quote?Symbol=GMCR
  3. soon become part of three stock indexes: http://www.cnbc.com/id/100966819
  4. NDAQ: http://studio-5.financialcontent.com/investplace/quote?Symbol=NDAQ
  5. LIFE: http://studio-5.financialcontent.com/investplace/quote?Symbol=LIFE
  6. a new version of its popular Keurig coffee brewers: http://investorplace.com/2013/07/new-keurig-brewer-turns-the-k-cup-into-a-k-pot/

Source URL: http://investorplace.com/2013/08/green-mountain-coffee-to-join-nasdaq-100/
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