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Posted on: Oct. 25, 2017, 7:51 p.m.
Since the billionaire activist disclosed a position in the burrito chain last year, it’s been hit by a norovirus scare and rodents falling from the ceiling. The latest quarter brought more woes: high avocado prices, hurricanes and the bill for a hacking attack. After terrible results late Tuesday sent shares tumbling, Ackman lost about $120 million on his stake overnight, according to data compiled by Bloomberg. Ackman’s Pershing Square Capital Management took an initial stake in Chipotle worth about $1.17 ... Full investment news article