PLAY - 1 Wild Stock Price Rally That Will Be Tested on Wednesday
The market's overall 70% rally since the pandemic lows set roughly a year ago has powered several crazy stock price moves. But the over 600% stock price surge in Dave & Buster's Entertainment (NASDAQ: PLAY) has seen since hitting a low of $6.53 on March 17 stands out as a spike that could be setting shareholders up for a big disappointment.
Sure, the restaurant and entertainment chain will see a strong growth rebound once the pandemic threat ends. But it could still be several years before Dave & Buster's starts setting annual sales and profit records again. The harsh reality of that outlook might become a bit clearer to Wall Street when the chain announces its fiscal 2020 fourth-quarter report on Wednesday, March 31.
Let's take a closer look and what investors might encounter next week.
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1 Wild Stock Price Rally That Will Be Tested on Wednesday