Dutch Bros (NYSE:BROS) stock is on the move today as investors head online to discuss what the coffee chain’s shares are doing today.
Source: Alexander Oganezov / Shutterstock.com
First off, it’s worth pointing out that BROS stock is still incredibly new to the market. The company’s initial public offering (IPO) caught the interest of traders earlier this month. Then when the shares went public, they did so with major gains as traders piled into the company.
BROS stock got a boost this morning too before dipping in the afternoon. Let’s take a look at what traders are saying about the company on social media.
BROS Stock Twitter Talk
$BROS Short from $58 made me a little money today. Mainly in cash waiting for the fed speech. Don’t want to get caught in a “sell the news” drop.
— J-Money Trading © 🤑 (@JoeTheCryptoKid) September 22, 2021
— CThorm (@cthorm) September 22, 2021
— Moonoposto (@Moonoposto) September 22, 2021
— the bank (@sellmeonu) September 22, 2021
$BROS is clearing out a defined trading range now – getting turned back a lower highs. So we sit wait for hard pullbacks & next move to highs will probably come after earnings… could be easily wrong since in such strong hands & already getting positive comments
— IPODave (@IPODave) September 22, 2021
BRO stock isn’t trading as much as investors might expect considering this morning’s rally. As of this writing, around 3.5 million shares of the stock have changed hands. To put that in perspective, the company’s daily average trading volume is well above that at 10.6 million shares.
Following its rally this morning, BROS stock is down 1.6% Wednesday afternoon compared to Tuesday’s closing price. However, the stock is still up 47.1% since its IPO earlier this month.
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post Dutch Bros Chatter: What Investors Are Saying About BROS Stock as Shares Start Percolating appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.