The market reaction to a $300 million secondary stock offering from Dutch Bros (BROS) is an encouraging sign, CNBC’s Jim Cramer said.
The market reaction to a $300 million secondary stock offering from drive-thru coffee chainDutch Bros on Thursday priced the stock sale at $26 per share, below its most recent closing price of $26.78. Shortly after Friday's opening bell, Dutch Bros stock was trading higher by 4%, to nearly $28 per share.
"If you take a look at where this deal [was priced], if you've got be excited if you got in because you're already up," Cramer said on"Squawk on the Street." He added,"This is some of the things that might be positive. This is a green shoot."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Jim Cramer's top 10 things to watch in the stock market ThursdayStocks are poised to open lower Thursday, while the market looks to China's reported ban on iPhones for government workers.
Consulte Mais informação »
Jim Cramer's top 10 things to watch in the stock market FridayApple has been weighing on the overall stock market this week. Will that change Friday?
Consulte Mais informação »
Jim Cramer says Roku getting serious about turning a profit is good news for the stockRoku’s (ROKU) latest cost-cutting measures should attract additional investors to the streaming-device maker’s stock, CNBC’s Jim Cramer said Wednesday.
Consulte Mais informação »
Jim Cramer says this lagging restaurant stock could help kickstart the DowMcDonald’s (MCD) returning to its winning ways would be a much-needed development for the Dow Jones Industrial Average, CNBC’s Jim Cramer said.
Consulte Mais informação »
Don't trust any stock rally unless oil prices, bond yields fall, Jim Cramer warnsThe Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.
Consulte Mais informação »
Jim Cramer calls Palo Alto Networks' CEO the Tom Brady of executivesZscaler reports a strong quarter, but Palo Alto Networks is still the top cybersecurity pick for CNBC’s Jim Cramer.
Consulte Mais informação »