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

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

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »

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?
Source: CNBC - 🏆 12. / 72 Read more »