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 $917,261 were sold by Garner Curtis E on Jan 07 ’25. At $58.24 per share, Garner Curtis E sold 15,750 shares. The insider’s holdings dropped to 410,514 shares worth approximately $23.61 million following the completion of this transaction.
Also, Curtis E. Garner purchased 47,250 shares, netting a total of over 2,778,300 in proceeds.
Before that, Schalow Laurie had sold 16,846 shares from its account. In a trade valued at $1,097,711, the Chief Corp Affairs, Food Sft traded Chipotle Mexican Grill shares for $65.16 each. Upon closing the transaction, the insider’s holdings decreased to 16,846 shares, worth approximately $9.72 million.
As published in a research note from CFRA on February 05, 2025, Chipotle Mexican Grill [CMG] has been rated up from a Buy to a Strong buy and the price target has been revised to $73 from $59. As of August 14, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for CMG. Earlier on July 16, 2024, Evercore ISI resumed its rating. Their recommendation was “an Outperform” for CMG stock.
Analyzing CMG Stock Performance
During the last five days, there has been a drop of approximately -1.30%. Over the course of the year, Chipotle Mexican Grill shares have dropped approximately -4.63%. Shares of the company reached a 52-week high of $61.16 on 01/02/25 and a 52-week low of $55.30 on 01/22/25. A 50-day SMA is recorded $60.44, while a 200-day SMA reached $59.13. Nevertheless, trading volume fell to 28.18 million shares from 16.23 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 56.03, which, if violated, would cause prices to drop to 54.56. In the upper region, resistance lies at 58.64. The next price resistance is at 59.78. RSI (Relative Strength Index) is 44.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 48.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
