Sadot Group (SDOT) Stock Skyrockets 183% After Trump’s Cooking Oil Tweet – What’s Next?
Sadot (Nasdaq: SDOT) shares jumped over 183% pre-market Oct. 15 after Donald Trump threatened to ban cooking-oil trade with China. The company closed at $5.19 on Oct. 14. Sadot recently agreed to sell its restaurant chains for $4.25 million to focus on agri-food, and completed a 1-for-10 reverse split in September to maintain Nasdaq compliance. Q2 revenue was $114.3 million with $0.4 million net income.
