Starbucks stock rallies on hopes of a turnaround under its new CEO — the head of Chipotle Mexican Grill

Starbucks Corp.’s stock notched its biggest percentage gain ever on Tuesday, as Wall Street placed bets that incoming chief executive Brian Niccol will stage a turnaround at the coffee chain after his prior success at Chipotle Mexican Grill Inc. and Taco Bell.

Read more from source