Shares of Chipotle Mexican Grill (CMG) Sees Large Outflow of Money

Chipotle Mexican Grill (CMG) : Net money flow in Chipotle Mexican Grill (CMG) was negative ($10.54 million) and the inflow of money on uptick was $126.22 million, whereas, the outflow of money on downticks amounted to $136.76 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.92. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $5.36 million. The money flow in block trades was negative ($5.36). Chipotle Mexican Grill (CMG) gained $4.27 cent during the day and reached $423.02, a gain of 1.02% over the previous day.


Also, Canaccord Genuity initiates coverage on Chipotle Mexican Grill (NYSE:CMG) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on August 22, 2016.

Shares of Chipotle Mexican Grill, Inc. rose by 4.57% in the last five trading days and 0.26% for the last 4 weeks. Chipotle Mexican Grill, Inc. has dropped 4.03% during the last 3-month period . Year-to-Date the stock performance stands at -13.48%.

Chipotle Mexican Grill (NYSE:CMG): The stock opened at $422.46 on Tuesday but the bulls could not build on the opening and the stock topped out at $423.48 for the day. The stock traded down to $412.68 during the day, due to lack of any buying support eventually closed down at $415.15 with a loss of -1.86% for the day. The stock had closed at $423.02 on the previous day. The total traded volume was 1,221,793 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman & Co-CEO) of Chipotle Mexican Grill Inc, Ells Steve had sold 21,000 shares worth of $9,253,650 in a transaction dated May 31, 2016. In this transaction, 21,000 shares were sold at $440.65 per share.

Chipotle Mexican Grill, Inc. (Chipotle) develops and operates Chipotle Mexican Grill restaurants, which serve a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates 1,755 restaurants in the United States, seven in Canada, six in England, three in France, and one in Germany. The Companys restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants. The Company owns and operates two Pizzeria Locale restaurants, a fast casual pizza concept. It also provides a variety of extras, such as guacamole, salsas and tortilla chips seasoned with fresh lime juice and kosher salt. Its restaurants also offer sodas, fruit drinks, organic milk, beer and margaritas. The average restaurant size is about 2,550 square feet and seats about 58 people. The Companys restaurants also feature outdoor patio space. The Companys restaurants accept orders by fax, online or through an iPhone or Android ordering application.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.