Jim Cramer sees ‘green shoot' in stock market reaction to this secondary stock sale

📆 08/09/2023 19:15:00
📰 nbcsandiego

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The market reaction to a $300 million secondary stock offering from Dutch Bros (BROS) is an encouraging sign, CNBC’s Jim Cramer said.

The market reaction to a $300 million secondary stock offering from drive-thru coffee chainDutch Bros on Thursday priced the stock sale at $26 per share, below its most recent closing price of $26.78. Shortly after Friday's opening bell, Dutch Bros stock was trading higher by 4%, to nearly $28 per share.

"If you take a look at where this deal [was priced], if you've got be excited if you got in because you're already up," Cramer said on"Squawk on the Street." He added,"This is some of the things that might be positive. This is a green shoot."

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Jim Cramer's top 10 things to watch in the stock market ThursdayStocks are poised to open lower Thursday, while the market looks to China's reported ban on iPhones for government workers.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Jim Cramer's top 10 things to watch in the stock market FridayApple has been weighing on the overall stock market this week. Will that change Friday?
La source: CNBC - 🏆 12. / 72 Lire la suite »