Behind the Scenes of Chipotle Mexican Grill's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish trend towards Chipotle Mexican Grill (NYSE:CMG) through options trading, with 50% of the activity being bearish. The stock is currently down by 3.3% and trading at $54.23. Analysts have mixed ratings, with target prices ranging from $58 to $69.
September 03, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Chipotle Mexican Grill is experiencing significant bearish options activity, with 50% of trades being bearish. The stock is down 3.3% to $54.23. Analysts have mixed ratings, with target prices between $58 and $69.
The significant bearish options activity suggests that investors expect the stock to decline. The current stock price drop of 3.3% aligns with this sentiment. Analysts' mixed ratings and target prices indicate uncertainty, but the overall bearish sentiment in options trading is likely to impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100