Sweetgreen Inc is trading 10.2% down today at $8.60 as investors continue to reassess weaker-than-expected first-quarter results and the stock's sharp May run-up.
- Recent earnings reported a 2.9% revenue decline and a 12.8% drop in same-store sales.
- The stock's 45% rally in May, fueled by a Point72 stake and a JPMorgan upgrade, is currently unwinding as market sentiment normalizes.