Wrigley Spikes on New CEO Announcement

Wrigley (WWY), the large chewing gum and candy company and long-time buyupside.com favorite, on October 23, 2006 jumped $6.40 (13.7%) on heavy volume after posting good earnings and naming former Nike CEO William Perez as president and chief executive officer.

WWY is only $3.55 from testing its all-time high but will probably see some profit taking in the short term.

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Posted October 24, 2006.