My favorite stock for 2015 officially has a name change, and shares have been on a roll. Pizza Inn came into the week at $7.55 and built a solid base at $7 coming into the year. Shares traded to a high of $8.18 on Thursday.
Last week, the company announced that it will change its name to Rave Restaurant Group and will trade under the ticker symbol RAVE. Shares are also moving to the Nasdaq and began trading with the big boys last week.
All of this should lead to more exposure and liquidity in the stock.
Options could also trade on the stock, and that could create another level of opportunity to play a continued move into the double-digits.
If you don’t own this stock, I have said that shares will trade to the mid- to upper teens at some point this year or next. This small-cap stock is starting to make a (new) name for itself. Pie Five, Rave’s signature franchise, is set to dominate the fresh, quick-pizza craze that’s sweeping the country.
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