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 62% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $1500.0 to $2050.0 for Chipotle over the last 3 months. The price of CMG is currently down -0.13% at $1936.0, and RSI indicators suggest that the stock may be approaching overbought. The next earnings are expected to be released in 49 days.
September 05, 2023 | 5:45 pm
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A significant investor has taken a bearish stance on Chipotle Mexican Grill. The stock may be approaching overbought according to RSI indicators. The next earnings are expected to be released in 49 days.
The bearish stance taken by a significant investor, along with the RSI indicators suggesting that the stock may be overbought, could potentially lead to a decrease in the stock price in the short term. The upcoming earnings release could also impact the stock price depending on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100