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 indicated by a large position in options. The overall sentiment of these big-money traders is 33% bullish and 66% bearish. The whales have been targeting a price range from $1320.0 to $3000.0 for Chipotle over the last 3 months. Wedbush has downgraded its action to Outperform with a price target of $2200.
September 14, 2023 | 5:47 pm
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A large investor has taken a bearish stance on Chipotle Mexican Grill, with a significant options position. The sentiment among big-money traders is largely bearish.
The bearish stance taken by a large investor, as indicated by a significant options position, suggests that there may be a negative outlook for Chipotle Mexican Grill. This is further supported by the largely bearish sentiment among big-money traders. The downgrade by Wedbush also indicates a less positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100