Crumbs Bake Shop (CRMB: Quote) announced after the close Monday that it has entered into an agreement with Starbucks Corporation to bring the full complement of Starbucks brewed coffees, teas and espresso-based drinks to all Crumbs locations.
Crumbs Bake Shop gapped open higher Tuesday and climbed sharply in the first half hour of trade, before settling into a range. Shares finished up by 1.36 at $3.41 on the highest volume of the year. The stock surged to nearly a 4-month high and re-crossed both its 50 and 200-day moving averages.
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by RTT Staff Writer
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