FAT Brands (FAT) Soars 9.1%: Is Further Upside Left in the Stock?
FAT Brands(FAT) ZACKS·2024-07-15 21:03
FAT Brands Inc. (FAT) shares rallied 9.1% in the last trading session to close at $5.29. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.3% loss over the past four weeks.FAT Brands' rally is buoyed by optimism regarding the company’s focus on unit expansion and acquiring new brands and restaurants. Positive investor sentiments were witnessed on the company's recent announcement of a 14 cents per share cash ...