RUTH - Hot Stocks: Restaurants drop; CIDM rallies; MRIN slides; FTNT sets new high; BHG continues post-IPO slump
primeimages/E+ via Getty Images Dined out lately? Wall Street doesn't believe you. Restaurant stocks were among the standout losers on Thursday. This included notable declines in shares of Red Robin Gourmet (RRGB), Shake Shack (SHAK), BJ's Restaurants (BJRI), Bloomin' Brands (BLMN), Brinker International (EAT) and Ruth's Hospitality Group (RUTH). A standout quarter sparked a massive rally in shares of digital cinema and streaming service Cinedigm (CIDM). The advance made the stock one of the best performers in Thursday's trading. Meanwhile, former meme-stock darling Marin Software (MRIN) has fallen hard since hitting a peak a little over a week ago. On Thursday, it recorded one of the day's worst performances, dragged down by weak Q2 preliminary revenues. Fortinet (FTNT) braced its way through a bumpy day of trading. In the end, it eked out a thin gain, achieving a new 52-week high as Wedbush highlighted the stock as a potential winner
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Hot Stocks: Restaurants drop; CIDM rallies; MRIN slides; FTNT sets new high; BHG continues post-IPO slump