Domino's Pizza Delivers Solid Q4 Beat

Domino's Pizza, Inc. DPZ shares are trading higher by $9.49 at $128.82 in Thursday's session. The catalyst for the rally is a Q4 report beat of nickel with over $30 million beat on sales.

The rally from the pre-market session has continued into the regular session. After a higher open, it retreated to $124.48 before continuing its move higher. It has continued to make new highs and may have found an institutional seller at the $130 level, as it has reached $129.90 and backed off.