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Why Krispy Kreme Rallied Today

TheMotleyFool

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Shares of donut manufacturer Krispy Kreme (NASDAQ: DNUT) rocketed 15.6% in Thursday trading.

There wasn't any company-specific news from Krispy Kreme today -- although on Monday the company did unveil its "Fall Fair"-themed donuts for the holiday season. Rather, Krispy Kreme got a lift from an unlikely source: FBI Director Kash Patel.

Patel appeared before a Congressional hearing yesterday, which was mainly related to other matters. However, during the hearing, Patel was asked about government officials holding stocks. Inevitably, Patel's portfolio came up, with Patel mentioning that he saw a good investment opportunity in Krispy Kreme.

Source Fool.com

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