Chipotle Mexican Grill Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Chipotle Mexican Grill (NYSE:CMG) by a whale investor. Out of the unusual options trades detected, 85% were bearish and 14% bullish. The targeted price range for Chipotle over the last 3 months is $1500.0 to $2200.0. The current price of CMG is up 1.39% at $1939.0. Truist Securities and Wedbush have downgraded their actions to Buy and Outperform respectively, with price targets of $2230 and $2200.
September 18, 2023 | 4:46 pm
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Bearish stance taken by a whale investor on Chipotle Mexican Grill. 85% of unusual options trades were bearish. Targeted price range is $1500.0 to $2200.0.
The bearish stance taken by a whale investor, along with the high percentage of bearish trades, indicates a potential decrease in the stock price. The targeted price range also suggests a potential decrease from the current price. Additionally, the downgrades by Truist Securities and Wedbush could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100