Options market sentiment mixed as Chipotle (CMG) shares slide. CMG is down 4.0% to $47.66 (-$1.99) despite an upgrade to Buy from Loop Capital, with elevated stock volume (78th percentile) but trading near a 52-week low (1st percentile). Options activity is below average, with 46K contracts traded, while the put/call ratio sits at 0.67 (33rd percentile). Implied volatility (IV30) is elevated (70th percentile), and put skew is at a high (86th percentile), suggesting increased demand for downside protection.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMG:
- Chipotle price target lowered to $68 from $75 at Baird
- Insider Trading Shock: Enphase, Rigetti, Chipotle, IonQ, AmEx
- Chipotle Mexican Grill (CMG) Catches an Upgrade from Loop Capital
- MSFT, KO, RACE: Morgan Stanley Lists 30 Stocks That Can Weather the Market Storm
- Buy/Sell: Wall Street’s top 10 stock calls this week
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue