Why Shares of Dave & Buster's Entertainment Plunged 10% on Monday
Shares of Dave & Buster's Entertainment (NASDAQ: PLAY) fell as much as 10% in trading Monday as investors tried to decipher whether the company was recovering or foundering in today's operating environment. Shares were volatile in the first hour of trading and were down 6.1% at 10:40 a.m. EDT. Shares plunged on Thursday after the company left a "Going Concern" section in its 10-Q filing, a warning sign that the company may be teetering toward bankruptcy.
