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Stock Market & Financial Investment News

News Breaks
November 8, 2012
15:12 EDTKKDKrispy Kreme slides as major stakeholder sells shares
Shares of doughnut retailer and wholesaler Krispy Kreme (KKD) are sliding as a major stakeholder announced the sale of 134,565 shares in total in a number of transactions. According to filings with the SEC, Mohamed Abdulmohsin Al Kharafi & Sons sold the shares at prices between $7.81 and $7.70, leaving the Kuwaiti private company with a direct ownership interest of 6,770,968 shares. In late afternoon trading, Krispy Kreme's stock slid 58c, or 7.63%, to $7.02.
News For KKD From The Last 14 Days
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August 25, 2014
06:24 EDTKKDKrispy Kreme comps decelerating but due to new store ramps, says Longbow
Longbow's contacts indicate Krispy Kreme's Q2 same-store sales comps were up 1%-1.5% vs. Q1's 3.5%-4.5% range. The firm said the deceleration is due to new franchised store builds which should result in top and bottom line growth in the coming years. Shares are Buy rated with a $26 price target.

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