Chipotle Mexican Grill Inc. (CMG) Moves Lower on Volume Spike for September 10

Equities Staff  |

Chipotle Mexican Grill Inc. (CMG) traded on unusually high volume on Sep. 10, as the stock lost 6.15% to close at $787.98. On the day, Chipotle Mexican Grill Inc. saw 1.14 million shares trade hands on 26,709 trades. Considering that the stock averages only a daily volume of 408,582 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $857.90 and $383.20 over the last 52-weeks, its 50-day SMA is now $789.65, and its 200-day SMA $652.84. Chipotle Mexican Grill Inc. has a P/B ratio of 14.2. It also has a P/E ratio of 94.8.

With $4.9 billion in systemwide sales during 2018, Chipotle Mexican Grill is the largest player in the $14 billion domestic fast-casual Mexican restaurant category. Its menu includes burritos, bowls, tacos, and salads, which are made from higher-quality ingredients than those typically found at quick-service restaurants. As of June, the firm operated more than 2,500 company-owned restaurants in the United States, Canada, the United Kingdom, France, and Germany.

Headquartered in Newport Beach, CA, Chipotle Mexican Grill Inc. has 73,000 employees and is currently under the leadership of CEO .

For a complete fundamental analysis analysis of Chipotle Mexican Grill Inc., check out’s Stock Valuation Analysis report for CMG.

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To get more information on Chipotle Mexican Grill Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: CMG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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