Why Shares of Krispy Kreme Donuts Soared on Thursday

Two days after the stock faltered a bit following a mixed earnings report after Tuesday's close, Krispy Kreme (NASDAQ: DNUT) jumped more than 15% in early afternoon trading on Thursday.

The stock closed at $13.07 on Wednesday, opened at $13 on Thursday, then rose as high as $15.03 in intraday trading. The stock just had its initial public offering (IPO) on July 1, but Thursday's price is still down from its high of $21.69.

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Source Fool.com