Morning Movers: Starbucks climbs following poaching of Chipotle’s CEO

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

HIGHER –

• Starbucks (SBUX) up 15% after announcing CEO Laxman Narasimhan is stepping down and will be replaced by Chipotle (CMG) CEO Brian Niccol

UP AFTER EARNINGS –

• iLearningEngines (AILE) up 29%
• Sportradar (SRAD) up 13%
• MSG Sports (MSGS) up 12%
• Paysafe (PSFE) up 7%
• On Holding (ONON) up 4%
• Sea Limited (SE) up 3%

DOWN AFTER EARNINGS –

• Tencent Music (TME) down 14%
• Hyzon Motors (HYZN) down 7%
• Home Depot (HD) down 1%
• Hudbay Minerals (HBM) down 5%

LOWER –

• Chipotle (CMG) down 9% after reporting that Brian Niccol, chairman and CEO has accepted the role as chairman and CEO of Starbucks and will be leaving the company
• Baxter (BAX) down 4% after announcing that they have signed a definitive agreement under which Carlyle (CG) is to acquire Baxter’s Kidney Care segment for $3.8B