Keurig's Stock Falls After Recall Of 6.6 Million MINI Brewers
Keurig Green Mountain's stock fell 1% in light premarket trade Tuesday, after 6.6 million of the company's MINI Plus Brewing System units in the U.S. were being recalled following about 200 reports of hot liquid escaping, including 90 reports of burn-related injuries. About 540,000 units are being recalled in Canada. The brewers, with model number K10, and previously identified as B31, were manufactured in China and Malaysia, and were sold between December 2009 and December 2014 for about $100. Further details of the recall can be found at the U.S. Consumer Product Safety Commission's website. Keurig's stock has soared 85% this year through Monday, compared with a 12% gain in the S&P 500.
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