According to CoinMeta, Starbucks' stock price opened up 1% higher, while the stock price of Mexican Grill fell by 2.9%. In terms of news, Starbucks' denial statement came quickly and decisively. A spokesperson directly stated to CNBC: "Starbucks will not acquire Chipotle." This statement put an end to market speculation that had lasted for several days. For Mexican Grill, the denial meant losing a potential "savior." Previously, some investors hoped that Nicole could "reconnect" with Mexican Grill and use his experience and resources at Starbucks to help the fast-food chain overcome its declining customer flow.