Hodges Funds CEO and portfolio manager Craig Hodges shares his market picks.
Donut chain Krispy Kreme announced Monday that the company was being added to the Russell 2000 that day as part of the planned third quarter initial public offering additions to FTSE Russell's U.S. indexes.
Following the noon announcement, the donut-maker's stock saw a brief spike in price to a high of $15.77 per share on the day but ultimately closed down 1.51% at 14.98.
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