Chipotle taps Taco Bell for CEO, stock jumps

After a 15 percent rise Wednesday, shares closed the week at $305.63.

February 18, 2018 at 5:34AM
FILE- In this Dec. 10, 2017, file photo, Jacksonville Jaguars running back T.J. Yeldon warms up wearing Under Armour cleats before an NFL football game against the Seattle Seahawks in Jacksonville, Fla. Under Armour reports financial results Tuesday, Feb. 13, 2018. (AP Photo/Stephen B. Morton, File)
Shoe sales and revenue from accessories helped fuel Under Armour’s rebound after a rough 2017. (The Minnesota Star Tribune)

CEO bounce: Chipotle Mexican Grill shares rose 14.7 percent to $288.31 Wednesday after it named Taco Bell CEO Brian Niccol as its next CEO. Shares closed the week at $305.63.

On the rebound: Under Armour climbed 19.3 percent to $16.98 Tuesday after it reported better-than-expected sales as shoe and accessory revenue picked up. The stock had plunged 50 percent in 2017 on top of a 30 percent decline in 2016. Shares closed Friday at $15.78.

Buffet bounce: Teva Pharmaceutical Industries shares rose nearly 8 percent to $20.84 Thursday after Warren Buffett's Berkshire Hathaway disclosed an investment in the struggling company. Teva said in December that it would eliminate one-fourth of its jobs as it deals with falling generic drug prices. Shares closed the week at $20.90.

Health scare: AmerisourceBergen jumped 11 percent, to $99.30 Tuesday following the report that Walgreens Boots Alliance wants to take the company over. It already owns a 26 percent stake in the prescription drug distributor. AmerisourceBergen shares ended the week at $99.40.

Having it their way: Restaurant Brands International, the owner of Burger King and Tim Hortons, jumped 6.6 percent, to $60.24 Monday after a strong fourth-quarter report fueled by systemwide sales growth at Burger King. Shares closed the week at $59.02.

Earn it: Shares of tech bellwether Cisco rose 4 percent to $43.72 Thursday after reporting a bigger profit and better sales than analysts expected. Cisco shares closed the week at $44.33.

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