Looking At Chipotle Mexican Grill's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Chipotle Mexican Grill (NYSE:CMG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $1250.0 to $2550.0 for CMG over the last 3 months. The current price of CMG is down -1.08% at $2097.72. Analysts have mixed opinions, with some maintaining their Outperform rating and others downgrading to Neutral or Outperform.
July 06, 2023 | 7:01 pm
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Unusual options activity indicates a significant bearish stance on Chipotle Mexican Grill. The sentiment among big-money traders is more bearish than bullish. Analysts have mixed opinions on the stock.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of CMG to go down. This, combined with the mixed analyst ratings, could lead to increased volatility and potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100