Wednesday, October 19, 2005

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The stock opened the day at $5.52, and by 11:30 a.m. had dropped to $4.05, a 26.6 percent plunge. Trading in the stock was also much heavier than usual Wednesday, with nearly 5.2 million shares having changed hands by 2 p.m., more than five times the average daily volume of 913,276 shares.

Krispy Kreme issued a news release saying it didn't know what was causing the unusual trading activity -- an unusual move for the company. Public companies tend not to comment on the trading activity in their stocks.
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