The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Chipotle Mexican Grill shares valued at $12,176,254 were purchased by BRIAN R. NICCOL on Sep 19 ’24. At $57.68 per share, BRIAN R. NICCOL acquired 211,099 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, BRIAN R. NICCOL purchased 212,222 shares, netting a total of over 12,431,201 in proceeds.
Before that, BRIAN R. NICCOL had added 112,593 shares to its account. In a trade valued at $6,479,479, the Officer bought Chipotle Mexican Grill shares for $57.55 each.
As published in a research note from Wedbush on August 14, 2024, Chipotle Mexican Grill [CMG] has been rated up from a Neutral to an Outperform and the price target has been revised to $58 from $54. Analysts at Evercore ISI resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid July. As of June 13, 2024, Goldman has initiated its “Buy” rating for CMG. Earlier on May 29, 2024, Truist resumed its rating. Their recommendation was “a Buy” for CMG stock.
Analyzing CMG Stock Performance
During the last five days, there has been a surge of approximately 2.87%. Over the course of the year, Chipotle Mexican Grill shares have jumped approximately 26.74%. 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 $54.30, while a 200-day SMA reached $55.19. Nevertheless, trading volume fell to 9.54 million shares from 10.21 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 57.44, which, if violated, would cause prices to drop to 56.92. In the upper region, resistance lies at 58.46. The next price resistance is at 58.96. RSI (Relative Strength Index) is 60.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.27, which suggests the price will increase in the coming days. Percent R is at 13.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
