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TALES OF THE TAPE: MRT, PEET, MCD, PZZA, SBUX, WEN

Notable news items and price action over the past twenty-four hours.

  • MRT share prices gained 11.8% on accelerating volume following news that the company is for sale.
  • PEET also gained on accelerating volume as headlines continue to point to a possible acquisition of the company by Starbucks.
  • MCD named Cyril Pamaphosa as developmental licensee for South Africa and will be responsible for the operation of McDonald’s restaurants in South Africa, according to a statement from the company.
  • PZZA, SBUX, MCD, and WEN all declined on accelerating volume.
  • Corn and wheat climbed for the first time in three days on signs that a price slump prompted by the tragic events in Japan is spurring demand from importers.

TALES OF THE TAPE: MRT, PEET, MCD, PZZA, SBUX, WEN - stocks 317

Howard Penney

Managing Director