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Why Investors Were Gorging on Denny's Stock This Week
Like one of its classic breakfast dishes freshly served to a hungry diner, Denny's (NASDAQ: DENN) stock was being eagerly devoured over the past few days. A quarterly earnings release won the company some attention, but it also seems to winning popularity due to macroeconomic worries.According to data compiled by S&P Global Market Intelligence, Denny's share price had moved up by 15% week to date as of early Thursday.Denny's published its first-quarter earnings after market close on Monday. These revealed that revenue ticked up to $111.6 million for the period from the year-ago tally of $110 million. Continue reading
Like one of its classic breakfast dishes freshly served to a hungry diner, Denny's (NASDAQ: DENN) stock was being eagerly devoured over the past few days. A quarterly earnings release won the company some attention, but it also seems to winning popularity due to macroeconomic worries.
According to data compiled by S&P Global Market Intelligence, Denny's share price had moved up by 15% week to date as of early Thursday.
Denny's published its first-quarter earnings after market close on Monday. These revealed that revenue ticked up to $111.6 million for the period from the year-ago tally of $110 million.
