PLAY - Why Dave & Buster's Stock Surged Higher Today
Shares of Dave & Buster's Entertainment (NASDAQ: PLAY) defiantly surged higher on Thursday, flirting with 52-week highs. The stock finished the day up 12%. But unfortunately, there's really not a good explanation of what caused the move higher today.
Generally speaking, stocks go up when there's more demand for shares than there is supply. Typically, when a stock spikes higher, there's some news that's creating the demand that day. Perhaps it's a press release, a filing with the Securities and Exchange Commission (SEC), or an analysis by a prominent person. But for Dave & Buster's, none of these things apply today.
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Why Dave & Buster's Stock Surged Higher Today