Chipotle Mexican Grill Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 68% of detected unusual options trades being bearish. Whales have been targeting a price range of $1,600 to $2,200 for CMG over the last 3 months. Analysts have mixed price targets, ranging from $2,075 to $2,400.
June 21, 2023 | 6:47 pm
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A whale has taken a bearish stance on Chipotle Mexican Grill, with 68% of detected unusual options trades being bearish. Analysts have mixed price targets, ranging from $2,075 to $2,400.
The bearish stance taken by the whale may create short-term downward pressure on CMG's stock price. However, the mixed price targets from analysts indicate uncertainty in the stock's direction, making it difficult to predict the short-term impact with high confidence.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100