Check Out What Whales Are Doing With CMG
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Chipotle Mexican Grill (NYSE:CMG) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 31% bullish and 68% bearish. The whales have been targeting a price range from $1800 to $2125 for CMG over the last 3 months. Analysts from Wedbush, Argus Research, Raymond James, and Keybanc maintain positive ratings on CMG, while Piper Sandler has downgraded its rating to Neutral.
June 28, 2023 | 2:50 pm
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Unusual options activity indicates a significant bearish stance on Chipotle Mexican Grill. However, several analysts maintain positive ratings, while Piper Sandler has downgraded its rating to Neutral.
The bearish options activity indicates that a large investor or institution expects the price of CMG to decrease. This could put downward pressure on the stock. However, positive ratings from several analysts could counteract this to some extent. Piper Sandler's downgrade to Neutral could also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100