Panera Bread Co (NASDAQ: PNRA)
Panera Bread is having an incredible time in the market today. After starting the day slightly in the green, the stock has skyrocketed throughout the day on investor excitement, leading to an alert from our partners at Trade Ideas. At the moment (11:58), PNRA is trading at $281.77 per share after a gain of $19.90 per share (7.60%) thus far today.
PNRA Said To Be Exploring Sale
As mentioned above, Panera Bread is having an incredible time in the market at the moment, and it’s happening for good reason. At the moment, stories are breaking that the company is exploring selling itself. The rumors suggest that the sale exploration is happening as a result of interest in the company from various potential buyers.
Stop wasting time! Find winning trades in minutes at Trade Ideas!
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on PNRA. In particular, we’ll be watching for news associated with the potential sale of the company. While this may be a rumor, if a sale does happen, it could return incredible value to share holders. We’ll continue to follow the story closely and bring the news to you as it breaks!
Update 12:20 – Starbucks is rumored to be the buyer of PNRA. We will continue to follow the story closely and bring you the news as it breaks!
What Do You Think?
Where do you think PNRA is headed moving forward? Join the discussion in the comments below or on StockTwits!
Never Miss The News Again
Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!
[Image Courtesy of Pixabay]