Why Dutch Bros Stock Is Soaring 19% This Week
Shares of Dutch Bros (NYSE: BROS) were soaring 18.9% week to date from their closing price last Friday, according to data provided by S&P Global Market Intelligence. The boost came after Jim Cramer gave the stock a positive mention Monday morning.
While the recommendation gave a 12% boost to the stock that day, the coffee shop chain gave back a few points the next day after Starbucks (NASDAQ: SBUX) reported disappointing earnings. Dutch Bros actually lost more than its rival, dropping almost 4% compared to Starbucks' 1% drop.
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Source Fool.com
