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 $1,200,248 were sold by Brandt Christopher W on Nov 12 ’24. At $60.01 per share, Brandt Christopher W sold 20,000 shares. The insider’s holdings dropped to 145,000 shares worth approximately $8.69 million following the completion of this transaction.
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Also, Brandt Christopher W purchased 20,000 shares, netting a total of over 1,200,248 in proceeds.
Before that, BRIAN R. NICCOL had added 96,636 shares to its account. In a trade valued at $5,730,012, the Officer bought Chipotle Mexican Grill shares for $59.29 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 2.92%. Over the course of the year, Chipotle Mexican Grill shares have jumped approximately 30.98%. 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 $57.92, while a 200-day SMA reached $57.70. Nevertheless, trading volume fell to 7.45 million shares from 9.41 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 58.89, which, if violated, would cause prices to drop to 57.87. In the upper region, resistance lies at 60.83. The next price resistance is at 61.74. RSI (Relative Strength Index) is 56.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.50, which suggests the price will increase in the coming days. Percent R is at 21.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
