The Traderszone Network

Published in TZ Latest News 11 July, 2017 by The TZ Newswire Staff

Why Shares of The Cheesecake Factory Incorporated Fell 15% in June

Shares of The Cheesecake Factory Incorporated (NASDAQ: CAKE) were giving investors indigestion last month, as the stock dropped 15%, according to data from S&P Global Market Intelligence.

Image source: Cheesecake Factory

The casual-dining chain took a hit after reducing its guidance for the second quarter. The bulk of the slide came on June 13, when the stock fell 10%.

read more