Why Chipotle Stock Was Slipping Today
Shares of Chipotle Mexican Grill (NYSE: CMG) were sliding today on the broader sell-off in the market and after one analyst cut his price target on the stock. Investors seem to be getting wary as earnings season is about to start, and restaurant stocks such as Chipotle are likely to post dismal numbers due to the coronavirus.
Shares of the burrito roller were down 5% as of 2:45 p.m. EDT Monday, while the S&P 500 had fallen 1.7% at the same time.
Image source: Chipotle.
Source Fool.com