Krispy Kreme Stock Drops as Chart Indicates Possible Gap Fill—Key Levels to Watch
Krispy Kreme(DNUT) Investopedia·2024-04-09 01:50
Key TakeawaysKrispy Kreme shares dropped 6.6% on Monday, raising the possibility the company's stock could fill the McDonald's partnership news gap.Piper Sandler analyst Brian Mullan believes the partnership, when fully operational, could boost Krispy Kreme's adjusted earnings by 46% from earnings reported over the past 12 months.A "fill the gap event" in Krispy Kreme shares would see the price retest the $12.45 level, which also sits in close proximity to key support near $11.70. Krispy Kreme (DNUT) shares ...