Check out the companies making headlines in midday trading. Starbucks , Chipotle Mexican Grill — Starbucks stock shot up 21% after the coffee chain ousted CEO Laxman Narasimhan effective immediately and replaced him with Chipotle CEO Brian Niccol, who will step in Sept 9. Three Wall Street firms already upgraded Starbucks stock after the news. Shares of Chipotle shed 9% on Niccol's departure.
However, earnings of 0.14 Swiss francs per share, or about US$0.16, disappointed the consensus estimate of 0.16 Swiss francs. ViaSat — The satellite stock dropped 20% after securities filings showed that several major shareholders were looking to make significant sales. The filings showed that the shareholders, including the Ontario Teachers' Pension Plan Board, were working with Morgan Stanley to sell a total of about 11 million shares of ViaSat.
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