Chipotle Mexican Grill’s recently made public that its Chief Customer & Techlgy Ofcr Garner Curtis E unloaded Company’s shares for reported $0.92 million on Jan 07 ’25. In the deal valued at $58.24 per share,15,750 shares were sold. As a result of this transaction, Garner Curtis E now holds 410,514 shares worth roughly $23.19 million.
Then, Curtis E. Garner bought 47,250 shares, generating $2,778,300 in total proceeds.
Before that, Schalow Laurie sold 16,846 shares. Chipotle Mexican Grill shares valued at $1,097,711 were divested by the Chief Corp Affairs, Food Sft at a price of $65.16 per share. As a result of the transaction, Schalow Laurie now holds 168,946 shares, worth roughly $9.55 million.
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 Friday, Chipotle Mexican Grill [NYSE:CMG] saw its stock fall -2.45% to $56.50. Over the last five days, the stock has lost -5.66%. Chipotle Mexican Grill shares have fallen nearly -6.30% since the year began. Nevertheless, the stocks have risen 26.57% over the past one year. While a 52-week high of $69.26 was reached on 01/02/25, a 52-week low of $44.49 was recorded on 01/10/25. SMA at 50 days reached $60.70, while 200 days put it at $59.20.
Levels Of Support And Resistance For CMG Stock
The 24-hour chart illustrates a support level at 56.02, which if violated will result in even more drops to 55.54. On the upside, there is a resistance level at 57.38. A further resistance level may holdings at 58.26. The Relative Strength Index (RSI) on the 14-day chart is 28.15, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.76%. Stochastics %K at 5.55% indicates the stock is a buying.
How much short interest is there in Chipotle Mexican Grill?
A steep rise in short interest was recorded in Chipotle Mexican Grill stocks on 2024-12-13, dropping by 62782.0 shares to a total of 27.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 27.32 million shares. There was a decline of -0.23%, 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.
