Wingstop Stock Is Down 62% in 1 Year. Could the Sell-Off Be Nearing an End?
It has been a rough few years for Wingstop.
Overview
It has been a long year for chicken wing chain restaurant Wingstop (NASDAQ: WING). Its stock price is down 62% over the past year, and it is trading not just at a 52-week low but at a four-year low of around $122 per share.
But is the sell-off finally over? It may be, as Wingstopʻs stock price soared 8% on Aug. 14 -- one of its best days this year.
Details
The catalyst? Aug. 14 was the date of record for its third-quarter dividend, payable on Sept. 5. That led to a surge of interest and may signal that Wingstop is starting to rebound.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.