Chipotle (CMG) was one of the market's worst performers Wednesday, suffering its worst day of trading in five years and closing the day down more than 14%. The stock took a beating after reporting earnings that were well below analyst expectations for the period while revenue also slightly missed estimates.
General Electric (GE) was also having earnings-related trouble Wednesday, sending the stock to its worst performance since 2010. GE CEO John Flannery told a conference Wednesday that the company will look for more partnerships for its digital business as it looks to stem the tide of losses.
Shares of Nike (NKE) got a nice afternoon pop during the company's biannual shareholder meeting Wednesday. The company announced that it expects high single-digit revenue growth over the next 5 years while digital sales are expected to double to 30% of sales.