Why Del Taco Rallied 66% Today, While Jack in the Box Fell a Little
Shares of Mexican fast-food chain Del Taco (NASDAQ: TACO) rallied out of the gate on Monday, gaining a massive 66% as of 2:20 p.m. ET. Meanwhile, shares of burger joint Jack in the Box (NASDAQ: JACK) fell by as much as 8% at one point in morning trading, though that loss was later pared to just a few percentage points. Since Jack in the Box will have to come up with a big chunk of cash, investors are pulling back from its shares.
