Check Out What Whales Are Doing With CMG
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Chipotle Mexican Grill (NYSE:CMG), as revealed by Benzinga's options scanner. The activity includes 34 extraordinary options trades, with 50% of investors leaning bearish. The stock is currently trading at $60.93, up by 2.51%, with an anticipated earnings release in one day. Analysts have mixed ratings, with target prices ranging from $59 to $71.
October 28, 2024 | 7:30 pm
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Chipotle Mexican Grill (NYSE:CMG) sees significant bearish sentiment from large investors, with 50% of options trades being bearish. The stock is currently trading at $60.93, up 2.51%, with an earnings release expected in one day. Analysts have mixed ratings, with target prices between $59 and $71.
The bearish sentiment from large investors, as indicated by the options activity, suggests potential downward pressure on CMG's stock price. The mixed analyst ratings and the upcoming earnings release add to the uncertainty, making a short-term negative impact likely.
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IMPORTANCE 80
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