The Crowd Is Buying Sweetgreen Stock. My Honest Take Isn't as Optimistic.
Yahoo Finance ·
A lot of people are buying Sweetgreen ( SG +3.28% ) shares these days. As of June 29, the fast-casual salad chain's stock has gained 90.4% from a deep trough near the end of March. Trading volumes are up in the past three months, short-seller interest is down, and the company's turnaround effort seems to be working. That's Wall Street's conclusion at the moment, anyway. But I don't agree.
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