American International Group Inc. and several other entities such as
Edgestream Partners L.P. and
Ameritas Investment Partners Inc. have sold off significant shares of
Domino's Pizza, Inc. (NYSE:DPZ). This comes amidst a fluctuating period for the pizza giant, with
stock crashing by 13% and recording a
fall even after sales missed estimates. Nevertheless, Domino's has been given an '
Average Recommendation' of '
Moderate Buy' by brokerages. An outpouring of investor interest was also seen as DPZ's stock experienced a surge after beating earnings, further serving up a long-term outlook. However, the stock is trading lower by over 11% due to various market conditions. Despite recent market turbulence,
Domino's CEO remains optimistic, looking past the drop as US diners respond positively to deals. The stock faces increased scrutiny, in light of a warning of fewer store openings, potentially impacting the company's international growth strategy. still, many analysts consider Domino's a
confirmed growth stock while others are betting on the pizza giant despite recent setbacks.
Dominos Stocks News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Sun, 28 Jul 2024 14:49:08 GMT -
Rating -4
- Innovation 2
- Information 6
- Rumor -2
