Krispy Kreme Looks to Crumble Cookie Business

The doughnut name is considering an all-cash sale

Digital Content Manager
Oct 3, 2023 at 2:26 PM
facebook X logo linkedin


Krispy Kreme Inc (NASDAQ:DNUT) stock is cutting back on cookies. The doughnut giant is reportedly exploring alternatives for its Insomnia Cookies unit -- acquired in 2018 -- including an all-cash sale. The move comes as the company shifts focus back to its original product.

Shares are up 1.6% at $12.63 at last check, bucking today's broader market slide. The $200 region contained the equity's drop last week, which had it trading at its lowest level since January, while the 30-day moving average has acted as pressure since August. In 2023, DNUT is up 22.1%.

DNUT 30 Day

Long-term bullish bets are far outpacing bearish ones in the options pits, as data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows. In fact, DNUT's 50-day call/put volume ratio of 4.46 ranks in the 75th annual percentile of annual readings.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI