Krispy Kreme Gets Dunked on Expansion Worries and 2 More Heavily Traded Stocks to Follow
Krispy Kreme Doughnuts Inc. (NYSE:KKD): Current price $19.73
Shares are down about 14.5 percent in heavy trading Friday over expansion-cost worries. The 76-year-old firm went public in April 2000 at $5.30 per share and the stock soared as Americans took in the company’s products as a favorite comfort food, running up over 800 percent to an all-time closing high of $49.37 on August 18 of that year, prior to going to the dark side after posting weak earnings. The shares lost 96 percent of their value during the next five years, bottoming out at $1.76 on Nov. 28, 2008.