Sweetgreen stock fell nearly 15% this week due to investor concerns over a cyclospora parasite outbreak linked to lettuce. Although no cases have been reported at Sweetgreen restaurants, the CDC and FDA warnings about the outbreak spreading across nine states spooked investors. The parasite has affected 1,947 people with 98 hospitalizations and no deaths reported so far.
Axe note: Sweetgreen shares plunged after a parasite outbreak linked to lettuce rattled investor confidence, despite no confirmed cases at their outlets.