TODAY'S CHARTS: Regal reveals possible merger; Chipotle pops on CEO search; Autodesk's messy turnaround

Regal Entertainment (RGC) shares higher after the theater operator confirmed it’s in talks with its UK peer Cineworld Group for a potential buyout. The roughly $3.6 billion deal would be all-cash, or about $23 per share, a 17% premium to yesterday’s close.

Autodesk (ADSK) shares are tanking after reporting profits and revenue roughly in line with estimates, but announcing a massive restructuring plan that includes layoffs of more than 1,000 employees. The stock is still up over 51% on the year as the company transitions to a subscription-based service. However, the latest report shows that the transition is a bit more complicated than shareholders were expecting.

Chipotle (CMG) shares are surging after announcing the founder and current CEO Steve Ells will become executive chairman and the restaurant chain will search for a new CEO. The company’s stock is down over 21% this year as the burrito chain has struggled to turnaround its image after a series of food-borne illness outbreaks.

Shares of Steve Madden (SHOO) are trading slightly higher after Buckingham upgraded the stock to buy from neutral. Buckingham analysts are confident the shoe retailer will hit Q4 guidance and says there is additional earnings upside if tax reform is passed.

Domino’s Pizza (DPZ) is also trading higher on an upgraded to buy. Nomura/Instinet analysts cited valuation and additional opportunities for franchisees.

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