Crumbs Bake Shop (CRMB) 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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