The market has been down on Chipotle Mexican Grill, Inc. (CMG) stock recently. CMG gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Chipotle Mexican Grill, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CMG!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CMG Stock Today?
Chipotle Mexican Grill, Inc. (CMG) stock is lower by -1.49% while the S&P 500 is up 0.54% as of 1:09 PM on Monday, Oct 25. CMG has fallen -$26.71 from the previous closing price of $1,791.39 on volume of 133,704 shares. Over the past year the S&P 500 is up 34.36% while CMG is up 34.51%. CMG earned $24.91 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 70.93.
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More About Chipotle Mexican Grill, Inc.
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales approaching $6 billion in 2020. The Mexican concept is entirely company-owned, with a footprint of 2,850 stores heavily indexed to the United States, though the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
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