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 or institution, as evidenced by unusual options trading activity. The sentiment among these big-money traders is 18% bullish and 81% bearish. The whales have been targeting a price range from $1250.0 to $1900.0 for Chipotle over the last 3 months. The current price of CMG is $1833.01. Analysts from Truist Securities and Oppenheimer maintain their Buy and Outperform ratings respectively, with price targets above $2200.
October 10, 2023 | 1:46 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Chipotle Mexican Grill, with unusual options trading activity. The sentiment among these traders is largely bearish. Analysts maintain positive ratings with price targets above $2200.
The bearish stance taken by a large investor or institution, as evidenced by the unusual options trading activity, could potentially drive the stock price down in the short term. However, analysts maintain positive ratings with price targets above the current price, which could counteract this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100