Chipotle Mexican Grill’s recent filing unveils that its Chief Brand Officer Brandt Christopher W unloaded Company’s shares for reported $1.2 million on Nov 12 ’24. In the deal valued at $60.01 per share,20,000 shares were sold. As a result of this transaction, Brandt Christopher W now holds 145,000 shares worth roughly $8.53 million.
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Then, Brandt Christopher W bought 20,000 shares, generating $1,200,248 in total proceeds.
Before that, BRIAN R. NICCOL bought 96,636 shares. Chipotle Mexican Grill shares valued at $5,730,012 were divested by the Officer at a price of $59.29 per share.
A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “an Outperform”. Evercore ISI also remained covering CMG and reiterated its “an Outperform” recommendation on July 16, 2024. Goldman started covering the stock on June 13, 2024. It rated CMG as “a Buy”.
Price Performance Review of CMG
On Monday, Chipotle Mexican Grill [NYSE:CMG] saw its stock jump 0.31% to $58.81. Over the last five days, the stock has lost -0.78%. Chipotle Mexican Grill shares have risen nearly 28.58% since the year began. Nevertheless, the stocks have risen 35.31% over the past one year. While a 52-week high of $69.26 was reached on 06/18/24, a 52-week low of $43.10 was recorded on 01/08/24. SMA at 50 days reached $58.11, while 200 days put it at $57.79.
Levels Of Support And Resistance For CMG Stock
The 24-hour chart illustrates a support level at 58.39, which if violated will result in even more drops to 57.97. On the upside, there is a resistance level at 59.31. A further resistance level may holdings at 59.80. The Relative Strength Index (RSI) on the 14-day chart is 51.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.36%. Stochastics %K at 65.55% 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 2024-10-31, dropping by -2.75 million shares to a total of 28.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 31.13 million shares. There was a decline of -9.71%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 29, 2024 when Truist resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $3520.
