The FBI Director Just Spurred a Brief Krispy Kreme Rally

The FBI director just spurred a brief Krispy Kreme rally

FBI Director Kash Patel spurred a fierce but fleeting rally in Krispy Kreme shares (DNUT) on Wednesday after he said the stock was a solid investment.

FBI Director Kash Patel Buys 2 Stocks In 2025, One A Meme Favorite - Krispy Kreme (NASDAQ:DNUT)

FBI Director Kash Patel was asked about two stocks he bought earlier this year by a member of Congress on Wednesday and gave a surprising answer. The transactions come as members of Congress are working on legislation to ban lawmakers and cabinet members from buying and selling stocks.

FBI director under fire for controversial stock trades

FBI Director Kash Patel is facing a lot of backlash over two stock purchases he made earlier this year. Joe Neguse, the U.S. representative for Colorado’s 2nd congressional district, questioned Patel during a House hearing on Wednesday, September 17, about recent disclosures showing he purchased $15,001–$50,000 worth of Krispy Kreme (NASDAQ: DNUT) and $50,001–$100,000 worth of ON Semiconductor (NASDAQ: ON) shares on May 9 and May 12, respectivel…