JVA popped today

Comment: I sold and took the gains.

Updated with article: Coffee Holding Surges, Costs Well Managed


Coffee Holding stock surged 42.8% to close at $12.14 amid heavy trading. More than 3.8 million shares changed hands, compared with their average daily volume of just over 239,000.

Coffee Holding's stock movement came as a result of its stellar quarterly report, but there was likely a fair amount of short covering going on Thursday as well, Morningstar analyst Lauren DeSanto told TheStreet.

She said the company's results were very strong, and attributed top-line growth, in part, to an acquisition made last year -- the revenue of which was folded into Coffee Holding's net sales for the quarter.

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