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 $8,737,276 were purchased by BRIAN R. NICCOL on Oct 28 ’24. At $60.77 per share, BRIAN R. NICCOL acquired 143,783 shares.
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Also, Garner Curtis E sold 15,750 shares, netting a total of over 898,567 in proceeds. Following the sale of shares at $57.05 each, the insider now holds 457,764 shares.
Before that, BRIAN R. NICCOL had added 168,738 shares to its account. In a trade valued at $9,840,108, the Officer bought Chipotle Mexican Grill shares for $58.32 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 drop of approximately -6.17%. Over the course of the year, Chipotle Mexican Grill shares have jumped approximately 21.93%. 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 $57.13, while a 200-day SMA reached $57.13. Nevertheless, trading volume fell to 13.97 million shares from 28.56 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 54.72, which, if violated, would cause prices to drop to 53.67. In the upper region, resistance lies at 57.12. The next price resistance is at 58.47. RSI (Relative Strength Index) is 38.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.71, which suggests the price will decrease in the coming days. Percent R is at 87.96%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
