Krispy Kreme stock has received upgrades since announcing its deal with McDonald’s. But the stock is trading below its level prior to the news.
CHARLOTTE, N.C., June 10, 2024--New treats are "poppin' up" at Krispy Kreme®! Meet Doughnut Dots – a new assortment of tiny, tasty takes on your favorite Krispy Kreme doughnuts that are small in size, huge in fun and flavor, and perfect for poppin'!
Krispy Kreme (DNUT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.