Presto Automation (PRST) went up 36% on Friday but over the weekend, it removed the McDonald’s (MCD) logo from customer section of its website, White Diamond Research says. "There have been rumors that Presto has a deal with McDonald’s," White Diamond adds, which would be a big deal because the latter has been in the news lately for being the first fast food restaurant with a fully automated drive-thru. White Diamond Research believes the logo got removed because "the reality is McDonald’s isn’t a customer of PRST in any way, and expects the stock "to plummet to previous levels of around $1.50 once word gets out." Reference Link
Published first on TheFly
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