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 $6,182,687 were purchased by BRIAN R. NICCOL on Nov 06 ’24. At $58.00 per share, BRIAN R. NICCOL acquired 106,601 shares.
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Also, BRIAN R. NICCOL purchased 143,783 shares, netting a total of over 8,737,276 in proceeds.
Before that, Garner Curtis E had sold 15,750 shares from its account. In a trade valued at $898,567, the Chief Customer & Techlgy Ofcr traded Chipotle Mexican Grill shares for $57.05 each. Upon closing the transaction, the insider’s holdings decreased to 15,750 shares, worth approximately $26.65 million.
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 4.38%. Over the course of the year, Chipotle Mexican Grill shares have jumped approximately 27.27%. 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 $57.40, while a 200-day SMA reached $57.40. Nevertheless, trading volume fell to 7.92 million shares from 10.74 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 57.63, which, if violated, would cause prices to drop to 57.06. In the upper region, resistance lies at 58.96. The next price resistance is at 59.72. RSI (Relative Strength Index) is 51.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.01, which suggests the price will decrease in the coming days. Percent R is at 48.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
