Friday's Stock Surges. Last Tuesday, TGI Friday's stock moved out of the penny stock position (85 cents per share) with a 15% increase to $2.83 per share. Newsday speculates that the stock price increase may be attributed to the anticipated change in management of Friday's parent company. The CEO is slated to leave in April.
Posted by franchiselawblog at December 1, 2003 09:17 AM