Chipotle Mexican Grill’s filing revealed that its Officer BRIAN R. NICCOL acquired Company’s shares for reported $8.74 million on Oct 28 ’24. In the deal valued at $60.77 per share,143,783 shares were bought.
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Then, Garner Curtis E sold 15,750 shares, generating $898,567 in total proceeds. Upon selling the shares at $57.05, the Chief Customer & Techlgy Ofcr now owns 457,764 shares.
Before that, BRIAN R. NICCOL bought 168,738 shares. Chipotle Mexican Grill shares valued at $9,840,108 were divested by the Officer at a price of $58.32 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 fall -3.77% to $56.38. Over the last five days, the stock has lost -6.96%. Chipotle Mexican Grill shares have risen nearly 23.26% since the year began. Nevertheless, the stocks have risen 38.50% over the past one year. While a 52-week high of $69.26 was reached on 06/18/24, a 52-week low of $39.92 was recorded on 01/08/24. SMA at 50 days reached $57.29, while 200 days put it at $57.23.
Levels Of Support And Resistance For CMG Stock
The 24-hour chart illustrates a support level at 55.70, which if violated will result in even more drops to 55.02. On the upside, there is a resistance level at 57.73. A further resistance level may holdings at 59.08. The Relative Strength Index (RSI) on the 14-day chart is 43.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.17%. Stochastics %K at 30.39% indicates the stock is a holding.
How much short interest is there in Chipotle Mexican Grill?
A steep rise in short interest was recorded in Chipotle Mexican Grill stocks on 2024-10-15, dropping by -2.68 million shares to a total of 29.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 32.62 million shares. There was a decline of -8.96%, 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.
