Jack In The Box shares surge 13.31% after-hours as CEO Lance Tucker buys $86,450 in stock.

Jack In The Box Inc. surged 13.31% in after-hours trading following a favorable court ruling in its wage-and-hour dispute and a significant insider purchase. The Ninth Circuit corrected lower court decisions, granting the company post-trial relief on claims regarding shoe cost deductions while overturning prior rulings against it. This legal resolution reduces potential liabilities and clarifies labor cost structures, signaling improved operational clarity. Additionally, CEO Lance Tucker purchased $86,450 worth of shares, signaling confidence in the stock's value. These developments counter recent weak sales reports and Q4 earnings misses, aligning with the stock's sharp rebound.