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Green Mountain Shares Are Going Crazy

Rob WileMay 9, 2013, 19:33 IST

Shares of Green Mountain Coffee Roasters are up nearly 17% in early-morning trading.

The market is taking in the new five-year deal the company inked with Starbucks to serve the giant's coffee in its Keurig machines.

Here's the chart:

The stock was long in the crosshairs of short sellers after David Einhorn called the company out for insider trading, negative cash flows and expiring patents.

But the company seems to have weathered the onslaught.

Green Mountain's $0.93 also beat on non-GAAP EPS estimates by $0.20 yesterday for the most recent quarter, and the company revised estimates upward.