PLAY - Why Shares of Dave & Buster's Entertainment Plunged 10% on Monday
Shares of Dave & Buster's Entertainment (NASDAQ: PLAY) fell as much as 10% in trading Monday as investors tried to decipher whether the company was recovering or foundering in today's operating environment. Shares were volatile in the first hour of trading and were down 6.1% at 10:40 a.m. EDT.
There wasn't any news today, but Monday's trading follows an extremely volatile few days last week. Shares plunged on Thursday after the company left a "Going Concern" section in its 10-Q filing, a warning sign that the company may be teetering toward bankruptcy. But two analysts upgraded the stock to a buy rating on Friday , causing a sharp recovery in shares.
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Why Shares of Dave & Buster's Entertainment Plunged 10% on Monday