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International Business Times UK
International Business Times UK
David Unyime Nkanta

Krispy Kreme's Wild Ride: Shares Jump 11% After FBI Director's Testimony — Then Crash Back to Earth

Kash Patel Krispy Kreme FBI Joe Neguse ON Semiconductor Steve Sosnick
FBI Director Kash Patel (Credit: Heute.at)

Krispy Kreme shares surged by more than 11% after FBI Director Kash Patel mentioned his personal investment in the doughnut chain during a congressional hearing.

The rally fizzled within hours, with the stock closing up less than 1%, underscoring the speculative and meme-driven nature of recent trading activity.

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