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Krispy Kreme slides as major stakeholder sells shares

Shares of doughnut retailer and wholesaler Krispy Kreme (KKD) are sliding as a major stakeholder announced the sale of 134,565 shares in total in a number of transactions. According to filings with the SEC, Mohamed Abdulmohsin Al Kharafi & Sons sold the shares at prices between $7.81 and $7.70, leaving the Kuwaiti private company with a direct ownership interest of 6,770,968 shares. In late afternoon trading, Krispy Kreme's stock slid 58c, or 7.63%, to $7.02.