Krispy Kreme (DNUT) Stock Is Surging Wednesday: What's Going On?

Benzinga

Krispy Kreme shares jumped 8.9% amid meme stock momentum and global expansion plans. The company opened its first store in Spain and plans 50 more, fueling optimism alongside new markets in Brazil and Uzbekistan.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Krispy Kreme shares surged 8.9% to $4.04 on Wednesday,

00:06driven by a wave of mean stock interest in the company's expanding global footprint,

00:10according to Benzinga.

00:12Rally accelerated on Wednesday as traders piled into stocks with the Roundhill Mean Stock ETF,

00:16which includes Krispy Kreme and Beyond Meat.

00:18Beyond Meat's 600% surge this week,

00:21following its ETF inclusion and new Walmart partnership,

00:23is boosting other fund members.

00:25Krispy Kreme strengthened bullish sentiment with its international expansion plans.

00:29The company opened its first Spanish store on October 2nd.

00:32It's had 50 more in four years,

00:33alongside new locations in Brazil and Uzbekistan by 2025.

00:37For all things money, visit Benzinga.com.

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