Black Rifle Coffee shoots to new peak

BRC

04/04/2022 19:23

** Black Rifle Coffee  BRCC.N  jumps nearly 20% to $26.36 on
Mon, highest since co's SPAC merger in Feb, extending winning
streak to 10 days with no clear catalyst for the move
    ** BRCC last up 18.8% at $26.10 on trading volume of ~4.2
mln shares so far, 2.2x their 10-DMA, per Refinitiv data
    ** Coffee seller on Mar 16 posted Q4 rev beat, and
forecasted 2022 rev of $315 mln, also above consensus
 urn:newsml:reuters.com:*:nL3N2VJ3RO
    ** BRCC is among top trending stocks on retail-investor
forum Stocktwits.com on Mon
    ** 9 analysts cover BRCC and on avg rate stock "buy" with
median PT of $20, up from $14.50 a month ago, per Refinitiv

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))