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Chipotle Mexican Grill [CMG] Chief Financial & Admn Officer makes an insider sale of 2,461 shares worth 7,995,809.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Chipotle Mexican Grill shares valued at $7,995,809 were sold by Hartung Jack on Jun 13 ’24. At $3249.01 per share, Hartung Jack sold 2,461 shares. The insider’s holdings dropped to 67,166 shares worth approximately $3.92 million following the completion of this transaction.

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Also, Niccol Brian R sold 6,406 shares, netting a total of over 20,408,980 in proceeds. Following the sale of shares at $3185.92 each, the insider now holds 22,669 shares.

Before that, Theodoredis Roger E had sold 2,509 shares from its account. In a trade valued at $7,939,568, the Chief Legal Officer & GC traded Chipotle Mexican Grill shares for $3164.44 each. Upon closing the transaction, the insider’s holdings decreased to 2,509 shares, worth approximately $63255.5.

As published in their initiating research note from Goldman on June 13, 2024, Chipotle Mexican Grill [CMG] has been a Buy and the price target has been revised to $3730. Analysts at Truist resumed the stock at ‘”a Buy”‘ outlook in a report released in late May. As of May 22, 2024, Oppenheimer has reiterated its “an Outperform” rating for CMG. Earlier on April 25, 2024, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for CMG stock.

Analyzing CMG Stock Performance

During the last five days, there has been a drop of approximately -5.05%. Over the course of the year, Chipotle Mexican Grill shares have jumped approximately 27.46%. Shares of the company reached a 52-week high of $69.26 on 06/18/24 and a 52-week low of $44.08 on 01/08/24. A 50-day SMA is recorded $63.22, while a 200-day SMA reached $51.49. Nevertheless, trading volume fell to 20.25 million shares from 25.18 million shares the previous day.

Support And Resistance Levels for Chipotle Mexican Grill (CMG)

According to the 24-hour chart, there is a support level at 57.20, which, if violated, would cause prices to drop to 56.11. In the upper region, resistance lies at 59.01. The next price resistance is at 59.73. RSI (Relative Strength Index) is 36.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.84, which suggests the price will decrease in the coming days. Percent R is at 87.76%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.

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