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 $1,097,711 were sold by Schalow Laurie on Dec 11 ’24. At $65.16 per share, Schalow Laurie sold 16,846 shares. The insider’s holdings dropped to 168,946 shares worth approximately $10.52 million following the completion of this transaction.
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Also, Schalow Laurie sold 4,404 shares, netting a total of over 286,285 in proceeds. Following the sale of shares at $65.01 each, the insider now holds 185,792 shares.
Before that, LAURIE SCHALOW had added 16,846 shares to its account. In a trade valued at $1,097,711, the Officer bought Chipotle Mexican Grill shares for $65.16 each.
Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid August. As of July 16, 2024, Evercore ISI has reiterated its “an Outperform” rating for CMG. Earlier on June 13, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for CMG stock.
Analyzing CMG Stock Performance
During the last five days, there has been a drop of approximately -3.31%. Over the course of the year, Chipotle Mexican Grill shares have jumped approximately 35.90%. 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 $60.74, while a 200-day SMA reached $59.04. Nevertheless, trading volume fell to 2.53 million shares from 8.45 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 61.76, which, if violated, would cause prices to drop to 61.27. In the upper region, resistance lies at 62.58. The next price resistance is at 62.91. RSI (Relative Strength Index) is 49.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.98, which suggests the price will decrease in the coming days. Percent R is at 77.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
