Krispy Kreme Stock Spikes As Meme Mania, Short Squeeze Frenzy Return

Krispy Kreme shares surged over 26% Tuesday and jumped another 24% in after-hours trading, despite no company-specific news, according to Benzinga. The spike appears driven by retail momentum and social media buzz, particularly among meme stock traders. Trading volume surged to more than 37 million shares, significantly exceeding the 100-day average of 4.68 million. With 26.35% of its float sold short, Krispy Kreme has become a high-interest target for short squeeze speculation. The move follows recent gains in other heavily shorted names, such as Opendoor, Rocket Companies, and AMC. Krispy Kreme now trades at $5.15, far above key moving averages, with potential resistance near $7.05 and support near $3.26.