Why Cracker Barrel Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
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Should l Buy ?
- Cracker Barrel Old Country Store, Inc. CBRL: Shares fell sharply after reducing dividend and expecting lower Q3 and Q4 results.
- Stock Movements:
- Fangdd Network Group Ltd. DUO shares surged by 258.6%.
- Akanda Corp. AKAN jumped 129.4%.
- Crown ElectroKinetics Corp CRKN saw an 89.6% increase.
- Faraday Future Intelligent Electric Inc. FFIE rose by 69.6%.
- Various other stocks experienced significant gains or losses in the market.
- Specific Stock Changes:
- GameStop Corp GME fell 22.6% due to lower revenue expectations.
- Robinhood Markets, Inc. HOOD rose 6.2% following a stock upgrade.
- Other Stock Movements:
- Companies like NovaBay Pharmaceuticals, Inc., Brenmiller Energy Ltd, and Reddit, Inc. experienced notable stock price changes.
- Analyst Recommendations:
- Jim Cramer recommended buying a sports betting company's stock, expressing positivity towards it.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
