Krispy Kreme (DNUT) shares slid 6.6% on Monday, continuing their recent fall after soaring nearly 40% in late March on news McDonald's (MCD) plans to sell the company's donuts at its restaurants nationwide by the end of 2026, increasing the possibility of a “fill the gap” event on the stock's chart.
Krispy Kreme Inc. NASDAQ: DNUT is world famous for its glazed donuts which can be purchased fresh through its store locations or grocery stores and kiosks. Shares of the retail/wholesale sector company skyrocketed 39% higher on news of its sweet partnership with fast food giant McDonald's Co. NYSE: MCD.
Krispy Kreme's stock soared 18% in March 2024, fueled by a nationwide collaboration with McDonald's. The partnership, scaling from a nine-store test in Louisville to over 13,500 McDonald's locations, aims for complete rollout over the next two years.
Shares of Krispy Kreme NASDAQ: DNUT soared by as much as 40% on Tuesday following the announcement of a partnership with McDonald's NYSE: MCD. The companies revealed plans to make Krispy Kreme doughnuts available at all McDonald's restaurants across the United States.
As we head into the last two days of a holiday shortened week, stocks are hoping to break a two-day losing streak.
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