This Is What Whales Are Betting On Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Chipotle Mexican Grill (NYSE:CMG) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $1570.0 to $1940.0 for Chipotle over the last 3 months. Analysts from TD Cowen and Truist Securities have downgraded their ratings but maintained high price targets.
October 09, 2023 | 5:16 pm
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Unusual options trading activity indicates a significant bullish stance on Chipotle Mexican Grill. Despite recent downgrades, analysts maintain high price targets.
The unusual options trading activity, with a significant portion being bullish, indicates that large investors are expecting the stock price to rise. Despite downgrades from TD Cowen and Truist Securities, they still maintain high price targets, suggesting they see potential for the stock's growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100