Movers roundup: Chipotle, Fifth & Pacific
By: The Associated Press
Among the stock activity stories for Tuesday, Oct. 2, from AP Business News:
_ Shares of Chipotle Mexican Grill Inc. plunged after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs.
_ Shares of Fifth & Pacific slid after the clothing maker cut its guidance due to weak sales of its Juicy Couture label.
_ Shares of MSCI Inc. plunged after a key index-licensing customer, Vanguard Group, said that some of its mutual funds will drop MSCI as the provider of market benchmarks that the funds track.
Among the stock activity stories for Tuesday, Oct. 2, from AP Business News:. _ Shares of Chipotle Mexican Grill Inc. plunged after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs.