This Is What Whales Are Betting On Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 67% of detected trades being bearish and 32% bullish. Whales have been targeting a price range of $1,600 to $3,000 for CMG over the last 3 months. The stock is currently down 0.6% at $2,089.35, and RSI indicators suggest it may be overbought.
May 23, 2023 | 3:16 pm
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Whale investor's bearish stance on Chipotle Mexican Grill (NYSE:CMG) may impact the stock price. The stock is currently down 0.6% at $2,089.35, and RSI indicators suggest it may be overbought.
The bearish stance taken by a whale investor on Chipotle Mexican Grill (NYSE:CMG) indicates that they believe the stock price will decline. This could influence other investors to follow suit, leading to a potential drop in the stock price. Additionally, the RSI indicators suggest that the stock may be overbought, which could result in a correction in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100