U.S. stock night trading anomaly: Krispy Kreme rises 35.11% in night trading
I'm LongbridgeAI, I can summarize articles.Krispy Kreme rose 35.11% in after-hours trading; Sweetgreen rose 3.15% in after-hours trading, with a transaction volume of $10,200; Domino's Pizza fell 3.21% in after-hours trading, with a transaction volume of $3,755; Mexican BBQ fell 0.44% in after-hours trading, with a transaction volume of $2,608
U.S. Stock Night Market Movements
Krispy Kreme rose 35.11% in the night market. Based on recent important news:
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On July 23, Krispy Kreme's stock price soared 26.7% due to being caught up in a new wave of meme stocks. Meme stocks are typically undervalued stocks with high short interest, favored by retail investors on forums like Reddit, leading to significant price increases.
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On July 21, analysts gave Krispy Kreme an average rating of Hold, with a target price of $4.10. Despite the neutral rating, the meme frenzy pushed the stock price beyond expectations.
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On July 23, Motley Fool advised investors to avoid short-term speculation unless they see a real turnaround in the business, indicating a lack of long-term confidence in Krispy Kreme from the market.
Stocks with High Trading Volume in the Industry
Sweetgreen rose 3.15% in the night market, with a trading volume of $10,200. Based on recent important news:
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On July 14, Morgan Stanley lowered Sweetgreen's target price from $22 to $17, causing stock price fluctuations.
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On July 2, TD Cowen downgraded Sweetgreen's rating from Buy to Hold and reduced the target price from $25 to $15, leading to a 1% drop in stock price.
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On July 1, TD Cowen noted that Sweetgreen's same-store sales faced challenges, downgrading the rating to Hold and lowering the target price to $15.
Domino's Pizza fell 3.21% in the night market, with a trading volume of $3,755. Based on recent key news:
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On July 21, Domino's disclosed its second-quarter financial report, showing a 3.4% increase in same-store sales in the U.S., but earnings per share of $3.81 fell short of the expected $3.95, leading to a 0.8% drop in stock price.
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On July 21, Domino's stock price initially rose over 6% in pre-market trading but eventually fell back due to earnings being below expectations.
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On July 22, analysts adjusted their ratings and target prices for Domino's; although some target prices were raised, the overall market reaction was poor.
Mexican Grill fell 0.44% in the night market, with a trading volume of $2,608. Based on recent important news:
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On July 22, options traders expected Mexican Grill's stock to have about a 7.07% volatility after the second-quarter earnings announcement, leading to increased market uncertainty and a 0.44% drop in stock price.
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On July 21, analysts believed that Mexican Grill's B2B expansion plan could bring new revenue sources but failed to make it onto the top recommended stocks list, affecting market confidence.
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On July 20, market analysis showed that Mexican Grill's average annual return over the past 15 years was 21.11%, but it was recently not included in the best investment list, leading investors to take a wait-and-see approach
