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Benzinga
Benzinga
Business
Namrata Sen

Krispy Kreme Stock Surges Over 38% In Wednesday Pre-Market: What's Going On?

Krispy Kreme Kreme DNUT Krispy Kreme Inc
Tokyo,,Japan,-,May,1,,2019:,Krispy,Kreme,Doughnuts,,Inc.

Shares of doughnut behemoth Krispy Kreme Inc. (NASDAQ:DNUT) surged 38.49% to $5.72 in Wednesday pre-market trading. The surge in the company's stock price, despite no major news, points to a renewed wave of meme stock trading.

What Happened: Krispy Kreme’s stock closed at $4.13 on Tuesday and further ascended by 24.69% in after-hours trading. The stock’s sudden rise appears to be driven by retail investors, with the company gaining increased attention on various social media platforms.

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