Market Whales and Their Recent Bets on CMG Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Chipotle Mexican Grill (NYSE:CMG), as revealed by Benzinga's options scanner. The scanner highlighted 17 extraordinary options activities, with 47% of the sentiment being bearish. The significant options trades suggest a price range from $2650.0 to $4800.0 for CMG over the last 3 months. Analysts have mixed ratings, with Oppenheimer maintaining an Outperform rating and Wedbush downgrading to Neutral.
May 28, 2024 | 5:31 pm
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Deep-pocketed investors have shown a bearish sentiment towards Chipotle Mexican Grill (NYSE:CMG) with significant options activity. Analysts have mixed ratings, with Oppenheimer maintaining an Outperform rating and Wedbush downgrading to Neutral.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests potential downward pressure on CMG's stock price. The mixed analyst ratings add to the uncertainty, with a notable downgrade from Wedbush.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100