Why Investors Trashed Krispy Kreme Stock Today
Few market players were finding the taste of Krispy Kreme (NASDAQ: DNUT) stock appealing on Thursday. They traded out of the donut purveyor assertively, to the point where its shares lost 7% of their value that day. This was notably worse than the S&P 500 index's performance, as the benchmark index closed down only marginally.
That morning, Krispy Kreme published a second-quarter earnings release that also heralded the launch of a turnaround plan.
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Source Fool.com
