Why Chipotle Mexican Grill, Inc. Stock Fell 17% in July
Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) were unraveling for the second month in a row as the burrito chain experienced another foodborne-illness incident. According to data from S&P Global Market Intelligence, the stock fell 17% last month.
Image source: Chipotle.
As the chart below indicates, the stock took a dive once news broke on July 18 of a norovirus outbreak at a Virginia location:
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€46.70
-0.370%
With 73 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 46.7 € the target price of 2425 € shows a potential of 5092.72% for Chipotle Mexican Grill Inc. which would more than double the current price.
