News Formal

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%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland 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."

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 524. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »

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?
Bron: CNBC - 🏆 12. / 72 Lees verder »