US EditionKSS, DNUT, LMT, CRCL, LCID: 5 Trending Stocks Today - Circle Internet Group (NYSE:CRCL), Krispy Kreme (NASDAQ:DNUT)
UNITED STATES, JUL 22 – Krispy Kreme's shares jumped 26.7% amid meme stock trading despite a 150% price increase and financial struggles including $935 million debt and dividend cuts.
- Amid a new round of meme stock fever, Krispy Kreme shares surged 26.7% in Tuesday trading, Reuters reported.
- As of June 30, 26.4% of Krispy Kreme’s float was shorted, attracting retail investors aiming for a short squeeze.
- The company’s weak fundamentals include a $935 million debt load, as the first-quarter report prompted dividend cuts and the end of a McDonald’s partnership, while GAAP unprofitability persists.
- Following the regular session, shares climbed further after hours despite no specific company news, with an intraday swing between $12.37 and $21.39 underscoring volatility.
- Unless a genuine turnaround emerges, avoid the stock, and analysts recommend caution without a business recovery, as meme stock trading remains highly risky.
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Total News Sources15
Leaning Left5Leaning Right0Center5Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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