Looking At Chipotle Mexican Grill's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 76% of recent unusual options trades being bearish. The targeted price range for these trades is between $1360.0 and $2950.0. The company's stock price is currently down by 0.82% at $1844.41. Analysts from TD Cowen, Truist Securities, and Wedbush have downgraded their ratings on the company, with price targets ranging from $2200 to $2280.
September 26, 2023 | 2:46 pm
News sentiment analysis
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Bearish sentiment is prevalent in recent unusual options trades for Chipotle Mexican Grill. The company's stock price is currently down, and analysts have downgraded their ratings.
The bearish sentiment in recent unusual options trades, combined with the downgraded ratings from analysts, suggests a negative short-term impact on Chipotle Mexican Grill's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100