Krispy Kreme soars 27% as meme stock mania reignites
Krispy Kreme shares surged nearly 27% to $4.13 on Wednesday, riding a fresh wave of meme stock hype fueled by Reddit and Stocktwits chatter. DNUT sentiment flipped to 'extremely bullish' amid calls for a short squeeze. Despite weak fundamentals, including falling sales and a severed McDonald's partnership, retail traders drove its best intraday gain in over a year.