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Green Mountain Coffee to Join Nasdaq 100

It replaces Life Technologies, which is leaving the indexes


GreenMountainCoffeeRoastersLogoOn Thursday, Green Mountain Coffee Roasters (GMCR) announced that it will soon become part of three stock indexes.

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).

Symmetrical Continuation Triangle in Green Mountain Coffee Roasters (GMCR)
Symmetrical Continuation Triangle in Green Mountain Coffee Roasters (GMCR)

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) on the indexes.

Last month, the company was reported to be readying a new version of its popular Keurig coffee brewers, 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.

Article printed from InvestorPlace Media,

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