Chipotle Mexican Grill’s recent filing unveils that its Chief Customer & Techlgy Ofcr Garner Curtis E unloaded Company’s shares for reported $0.9 million on Oct 07 ’24. In the deal valued at $57.05 per share,15,750 shares were sold. As a result of this transaction, Garner Curtis E now holds 457,764 shares worth roughly $27.33 million.
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Then, BRIAN R. NICCOL bought 168,738 shares, generating $9,840,108 in total proceeds.
Before that, BRIAN R. NICCOL bought 211,099 shares. Chipotle Mexican Grill shares valued at $12,176,254 were divested by the Officer at a price of $57.68 per share.
Wedbush upgraded its Chipotle Mexican Grill [CMG] rating to an Outperform from a a Neutral in a research note published on August 14, 2024; the price target was increased to $58 from $54. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who remained covering the stock and in mid July has reiterated a ‘”an Outperform”‘ rating for it. Goldman began covering CMG with “Buy” recommendation on June 13, 2024. Truist maintained its rating on May 29, 2024. It rated CMG as “a Buy”.
Price Performance Review of CMG
On Monday, Chipotle Mexican Grill [NYSE:CMG] saw its stock jump 0.52% to $59.70. Over the last five days, the stock has gained 0.71%. Chipotle Mexican Grill shares have risen nearly 30.52% since the year began. Nevertheless, the stocks have risen 61.56% over the past one year. While a 52-week high of $69.26 was reached on 06/18/24, a 52-week low of $35.97 was recorded on 01/08/24. SMA at 50 days reached $56.20, while 200 days put it at $56.58.
Levels Of Support And Resistance For CMG Stock
The 24-hour chart illustrates a support level at 59.33, which if violated will result in even more drops to 58.95. On the upside, there is a resistance level at 59.96. A further resistance level may holdings at 60.22. The Relative Strength Index (RSI) on the 14-day chart is 62.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.40%. Stochastics %K at 81.37% indicates the stock is a selling.
How much short interest is there in Chipotle Mexican Grill?
A steep rise in short interest was recorded in Chipotle Mexican Grill stocks on 2024-09-30, dropping by -0.99 million shares to a total of 31.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 32.12 million shares. There was a decline of -3.19%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 22, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $3485.
