Shares of Krispy Kreme Doughnuts (KKD) Sees Large Outflow of Money

Krispy Kreme Doughnuts (KKD) : The total negative money flow of $0.82 million on Wednesday indicates selling on strength. The inflow of money on upticks was $0.43 million, compared to $1.25 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.35. The negative money flow of $0.72 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0.72 million. The price action in the Krispy Kreme Doughnuts (KKD) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $20.98 with a gain of $0.01 , a change of 0.02% over the previous days close. The stock registered 0.17% for the week.


Also, CL King downgrades their rating on the shares of Krispy Kreme Doughnuts (NYSE:KKD). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 1, 2016.

Krispy Kreme Doughnuts (NYSE:KKD): The stock was completely flat for the day, closing at $20.97 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $20.98, the stock touched an intraday high of $21.00 and a low of $20.97. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $20.97. The total trading volume on Wednesday was 1,101,966.

The stock has recorded a 20-day Moving Average of 0.03% and the 50-Day Moving Average is 0.43%. In a related news,The director of Krispy Kreme Doughnuts Inc, Morgan James H sold 10,000 shares at $19.98 on June 17, 2015. The Insider selling transaction had a total value worth of $199,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Krispy Kreme Doughnuts, Inc. is a retailer and wholesaler of doughnuts, complementary beverages and treats and packaged sweets. The Companys principal business is owning and franchising Krispy Kreme stores, at which a variety of doughnuts, including the Companys Original Glazed doughnut, are sold and distributed together with complementary products, and where an array of coffees and other beverages are offered. The Company has four business segments: Company Stores, Domestic Franchise, International Franchise and KK Supply Chain. The Companys shops offer 16 or more doughnut varieties. The Company offers doughnuts of several varieties, such as yeast-raised doughnuts, cake doughnuts and crullers. In addition, it offers a number of products through wholesale channels, including Danishes, honeybuns, fruit pies, mini-crullers and chocolate products, packaged as individually wrapped snacks or packaged in snack bags.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.