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