Why Sweetgreen shares surged sharply today?
Sweetgreen shares rose 15.1% in morning trading today after federal health authorities officially linked a prominent outbreak of the Cyclospora parasite to the packaged clamshell leafy greens provided by Taylor Farms specifically for Taco Bell restaurants, which decisively removed Sweetgreen from the investigation circle. Sweetgreen shares had fallen by about 25% during the past week, as initial reports pointed to the lettuce as the cause of the outbreak; however, the company confirmed that no ingredient in its supply chain was found to be connected to the investigation related to the Cyclospora parasite.
The Centers for Disease Control and Prevention (CDC) issued a food safety alert about the Cyclospora parasite that causes diarrhea, and advised consumers not to eat this ingredient at Taco Bell restaurants in the states of Indiana, Kentucky, Michigan, Ohio, and West Virginia. The CDC linked 1,644 cases of lab-confirmed illness in five states to Taco Bell restaurants, noting that the actual number of infections is likely higher. With the supplier and restaurant chain identified precisely, the intensity of the selling driven by the concerns weighing on Sweetgreen eased, pushing its shares to jump sharply from the previous closing price of $6.22.
#IranClaimsStrikesOnUSTargetsInSyriaBahrain #EtherFallsTwiceAsHardAsBitcoin #EtherFallsTwiceAsHardAsBitcoin #USInsiderSellingNearsRecordPace #MSCIEMIndexNearsCorrection $DASH
$GRT
Sweetgreen shares rose 15.1% in morning trading today after federal health authorities officially linked a prominent outbreak of the Cyclospora parasite to the packaged clamshell leafy greens provided by Taylor Farms specifically for Taco Bell restaurants, which decisively removed Sweetgreen from the investigation circle. Sweetgreen shares had fallen by about 25% during the past week, as initial reports pointed to the lettuce as the cause of the outbreak; however, the company confirmed that no ingredient in its supply chain was found to be connected to the investigation related to the Cyclospora parasite.
The Centers for Disease Control and Prevention (CDC) issued a food safety alert about the Cyclospora parasite that causes diarrhea, and advised consumers not to eat this ingredient at Taco Bell restaurants in the states of Indiana, Kentucky, Michigan, Ohio, and West Virginia. The CDC linked 1,644 cases of lab-confirmed illness in five states to Taco Bell restaurants, noting that the actual number of infections is likely higher. With the supplier and restaurant chain identified precisely, the intensity of the selling driven by the concerns weighing on Sweetgreen eased, pushing its shares to jump sharply from the previous closing price of $6.22.
#IranClaimsStrikesOnUSTargetsInSyriaBahrain #EtherFallsTwiceAsHardAsBitcoin #EtherFallsTwiceAsHardAsBitcoin #USInsiderSellingNearsRecordPace #MSCIEMIndexNearsCorrection $DASH
$GRT