This Is What Whales Are Betting On Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Chipotle Mexican Grill (NYSE:CMG), as observed in the publicly available options history. The sentiment among these big-money traders is split between 23% bullish and 76% bearish. The whales have been targeting a price range from $1600.0 to $1985.0 for Chipotle over the last 3 months. Despite this, several financial institutions maintain a positive rating on CMG, with price targets ranging from $2250 to $2330.
October 30, 2023 | 2:16 pm
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A large bearish position has been taken on Chipotle Mexican Grill (NYSE:CMG). However, several financial institutions maintain a positive rating on CMG, with price targets ranging from $2250 to $2330.
The large bearish position taken by big-money traders indicates a potential short-term decrease in CMG's stock price. However, the positive ratings and high price targets set by financial institutions suggest a long-term bullish outlook. The short-term impact is likely to be negative, but the long-term outlook remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100