This Is What Whales Are Betting On Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 53% of recent trades being bearish and 46% bullish. The total amount for put options is $1,346,049 and for call options is $584,602. Whales have been targeting a price range from $1620.0 to $2200.0 for Chipotle over the last 3 months. The current price of CMG is $1872.0, down -0.02%. Several financial institutions have maintained their positive ratings on Chipotle, with price targets ranging from $2200 to $2250.
August 25, 2023 | 5:45 pm
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NEGATIVE IMPACT
Bearish stance taken on Chipotle Mexican Grill with majority of recent trades being bearish. Whales target price range $1620-$2200. Current price $1872.
The bearish stance taken by a significant investor, along with the higher total amount for put options compared to call options, suggests a potential downward pressure on the stock price in the short term. However, the positive ratings and price targets from financial institutions could provide some upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100