What the Options Market Tells Us About Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards Chipotle Mexican Grill (NYSE:CMG), with 63% of options activity being bearish. Significant options trades suggest a price range of $46.0 to $60.0. Analysts have mixed ratings, with a consensus target price of $65.0.
August 26, 2024 | 5:30 pm
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Chipotle Mexican Grill sees a bearish sentiment in the options market, with 63% of activity being bearish. Analysts have mixed ratings, with a consensus target price of $65.0. The stock is currently trading at $54.72, up by 1.88%.
The options market shows a significant bearish sentiment towards CMG, with 63% of the options activity being bearish. This suggests that investors expect the stock price to decline. Analysts have mixed ratings, but the consensus target price is higher than the current trading price, indicating potential upside. However, the bearish options sentiment may weigh on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100