In a filing, Chipotle Mexican Grill revealed its Chief Corp Affairs, Food Sft Schalow Laurie unloaded Company’s shares for reported $1.1 million on Dec 11 ’24. In the deal valued at $65.16 per share,16,846 shares were sold. As a result of this transaction, Schalow Laurie now holds 168,946 shares worth roughly $10.86 million.
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Then, Schalow Laurie sold 4,404 shares, generating $286,285 in total proceeds. Upon selling the shares at $65.01, the Chief Corp Affairs, Food Sft now owns 185,792 shares.
Before that, LAURIE SCHALOW bought 16,846 shares. Chipotle Mexican Grill shares valued at $1,097,711 were divested by the Officer at a price of $65.16 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 Tuesday, Chipotle Mexican Grill [NYSE:CMG] saw its stock fall -0.79% to $64.29. Over the last five days, the stock has lost -0.83%. Chipotle Mexican Grill shares have risen nearly 40.56% since the year began. Nevertheless, the stocks have risen 41.52% over the past one year. While a 52-week high of $69.26 was reached on 06/18/24, a 52-week low of $44.08 was recorded on 01/08/24. SMA at 50 days reached $60.41, while 200 days put it at $58.84.
Levels Of Support And Resistance For CMG Stock
The 24-hour chart illustrates a support level at 63.88, which if violated will result in even more drops to 63.48. On the upside, there is a resistance level at 64.78. A further resistance level may holdings at 65.28. The Relative Strength Index (RSI) on the 14-day chart is 58.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.70%. Stochastics %K at 65.56% 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 2024-11-29, dropping by -2.71 million shares to a total of 25.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 28.37 million shares. There was a decline of -10.57%, 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.
