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Updated · MarketWatch · May 7Dave & Buster's shares slide 1.53% in favourable market
9 articles · Updated · MarketWatch · May 7
- The stock closed at $10.31 on Friday, extending losses to a second day as the Nasdaq rose 1.71% and the Dow edged up 0.02%.
- Dave & Buster's underperformed Mondelez, which gained 0.39%, while trading volume of 1.5 million stayed below its 50-day average of 1.8 million.
- Shares remain 70.98% below their 52-week high of $35.53, after also falling 2.70% on Thursday in a weaker broader market.
With its stock down 70%, can new games and a CEO's strategy overcome the company's massive $1.59 billion debt? Is Dave & Buster's 'back-to-basics' plan a winning bet or a final gamble for the struggling entertainment chain?