Why Bowlero Stock Jumped Up on a Down Day for the Stock Market
Bowlero (BOWL) The Motley Fool·2024-09-07 00:53
The company sees better acquisition opportunities ahead. Shares of bowling center operator Bowlero (BOWL 7.88%) jumped on Friday after the company reported strong results for its fiscal fourth quarter of 2024. The S&P 500 was struggling as of 10:45 a.m. ET today, dropping 1.3%. But for its part, Bowlero stock was up 10% as of this writing, and had been up nearly 18% earlier in the day. Investors weren't expecting these numbers Bowlero's fourth quarter ended in June. And during that three-month period, reven ...