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 30% bullish and 70% bearish. The whales have been targeting a price range from $1440.0 to $2220.0 for Chipotle over the last 3 months. Analysts from Wells Fargo, Oppenheimer, Truist Securities, Stephens & Co., and Morgan Stanley have maintained their positive ratings on the stock, with price targets ranging from $2010 to $2400.
August 04, 2023 | 1:35 pm
News sentiment analysis
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Chipotle Mexican Grill. However, analysts maintain positive ratings on the stock.
The bearish options activity indicates that large investors or institutions expect the stock price to decrease. However, the positive ratings from analysts suggest they believe the company's fundamentals are strong and the stock price could increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100