Chipotle Mexican Grill’s filing revealed that its Chairman, CEO Niccol Brian R unloaded Company’s shares for reported $20.41 million on Apr 26 ’24. In the deal valued at $3185.92 per share,6,406 shares were sold. As a result of this transaction, Niccol Brian R now holds 22,669 shares worth roughly $72.4 million.
Then, Theodoredis Roger E sold 2,509 shares, generating $7,939,568 in total proceeds. Upon selling the shares at $3164.44, the Chief Legal Officer & GC now owns 1,085 shares.
Before that, Boatwright Scott sold 1,100 shares. Chipotle Mexican Grill shares valued at $3,509,180 were divested by the Chief Operating Officer at a price of $3190.16 per share. As a result of the transaction, Boatwright Scott now holds 2,412 shares, worth roughly $7.7 million.
Oppenheimer reiterated its Chipotle Mexican Grill [CMG] rating to an Outperform in a research note published on April 25, 2024; the price target was $3300. Argus also remained covering CMG and reiterated its “Buy” recommendation on April 04, 2024. BTIG Research maintained its rating on March 28, 2024. It rated CMG as “a Buy”.
Price Performance Review of CMG
On Tuesday, Chipotle Mexican Grill [NYSE:CMG] saw its stock fall -0.17% to $3193.68. Over the last five days, the stock has gained 1.08%. Chipotle Mexican Grill shares have risen nearly 39.65% since the year began. Nevertheless, the stocks have risen 57.46% over the past one year. While a 52-week high of $3241.42 was reached on 04/29/24, a 52-week low of $1768.64 was recorded on 01/08/24. SMA at 50 days reached $2,894.70, while 200 days put it at $2,307.43. A total of 0.22 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For CMG Stock
The 24-hour chart illustrates a support level at 3,175.13, which if violated will result in even more drops to 3,156.57. On the upside, there is a resistance level at 3,212.00. A further resistance level may holdings at 3,230.31. The Relative Strength Index (RSI) on the 14-day chart is 71.14, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 111.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.08%. Stochastics %K at 85.15% indicates the stock is a selling.
The most recent change occurred on February 07, 2024 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $2750.
