Check Out What Whales Are Doing With CMG
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 75% of detected trades being bearish. The targeted price range for CMG over the last 3 months is $1320.0 to $2200.0. The current price of CMG is down -1.8% at $2055.43. Analysts from Raymond James, Keybanc, and Wedbush maintain an Outperform rating with a price target of $2300, while TD Cowen and Piper Sandler have downgraded their ratings.
July 11, 2023 | 7:17 pm
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NEGATIVE IMPACT
Chipotle Mexican Grill (NYSE:CMG) has seen a bearish trend among investors, with 75% of detected trades being bearish. The stock's price is currently down -1.8% at $2055.43. Analyst ratings are mixed.
The bearish trend among investors, indicated by 75% of detected trades, suggests a negative short-term impact on the stock. The current price drop of -1.8% also indicates a negative trend. However, the mixed analyst ratings could introduce some uncertainty in the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100