Sweetgreen Inc is trading 6.9% up at $7.88 as bargain hunters drive a technical rebound following a sharp multi-day sell-off.
- The stock recently retreated from above $10 into the mid-$7 range, setting up a relief bounce in early trading despite a lack of new fundamental news.
- The upward move is occurring even as broader U.S. equity indices trade lower on the session, suggesting short-term technical support for the shares.