Market Whales and Their Recent Bets on CMG Options
Portfolio Pulse from Benzinga Insights
Financial giants have made notable bearish moves on Chipotle Mexican Grill (NYSE:CMG) through options trading. Analysis revealed 16 unusual trades, with 37% bearish and 31% bullish. The price range targeted by these trades is between $1700 and $4300. Current market status shows CMG down -0.08% at $3173.93, with RSI indicators suggesting it may be overbought. Analysts have mixed ratings, with price targets ranging from $2750 to $3500.
May 21, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Financial giants have shown a bearish sentiment on Chipotle Mexican Grill (NYSE:CMG) through significant options trades. The stock is currently down -0.08% at $3173.93, with RSI indicators suggesting it may be overbought. Analysts have mixed ratings, with price targets ranging from $2750 to $3500.
The significant bearish sentiment from financial giants through options trading indicates a potential short-term decline in CMG's stock price. The mixed analyst ratings and the current overbought RSI indicators further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100