03-07-2022, 12:43 PM
(03-07-2022, 12:10 PM)cemanuel Wrote: Added more AMAT and TXRH, closing out my initial IRA buys. No idea what the flock was going on with Texas Roadhouse. I looked for some catalyst - huge volume spike and price drop. Probably find out they canceled the dividend or are closing half their restaurants or something. But it's bought. There was a downgrade from outperform to neutral. That should not drop the price over 10% - and the day before ex-div, no less.
Guessing TXRH is getting nailed because its labor and input costs are going crazy, and high gas prices are likely to cut down on discretionary spending by consumers.