Stocks quoted in this article:
Krispy Kreme Doughnuts (KREM – 68-13/16) debuted on the Nasdaq Exchange in early April 2000 in a successful initial public offering. This saw the equity nearly quadruple in value between its first day of trading and November 2. Since then, the shares have retreated more than 35 percent. This has taken the security below its 10-week and 20-week moving averages.
Today, the stock is seeing heavy trading volume as the result of an additional offering of 2.3 million shares. The lion's share of this stock is being sold by shareholders, with 200,000 shares being doled out by the company itself.
KREM is an optionable stock but is very thinly traded by the speculative crowd. The site of heaviest open interest is the out-of-the-money February 70 call, which is home to 846 contracts.