Chipotle Stock Slides 11% in 3 Months: Buy the Dip or Hold Off?
Chipotle Mexican Grill(CMG) ZACKS·2024-08-29 22:31
Shares of Chipotle Mexican Grill, Inc. (CMG) , which soared 43.4% in the past year, have now hit a rough patch, losing momentum despite the recent stock split. In the past three months, the stock has declined 10.5% against the industry’s and the S&P 500’s rise of 5.3% and 7.1%, respectively.Closing at 69.26. Technically, CMG is trading below its 50-day moving average but above its 200-day moving average. The company ...