This Is What Whales Are Betting On Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Chipotle Mexican Grill (NYSE:CMG) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The price target for CMG over the last 3 months has been between $1200.0 to $2160.0. Several financial institutions have maintained their positive ratings on CMG, with price targets ranging from $2300 to $2400.
July 19, 2023 | 3:16 pm
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A large investor has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG). The sentiment among big-money traders is 60% bearish. However, several financial institutions have maintained their positive ratings on CMG, with price targets ranging from $2300 to $2400.
The bearish stance taken by a large investor and the 60% bearish sentiment among big-money traders could potentially drive the stock price down in the short term. However, the positive ratings and high price targets set by several financial institutions could counteract this bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100