What's Going On With Chipotle Mexican Grill Stock Tuesday?
Chipotle Mexican Grill Inc. (NYSE: CMG ) stock traded lower Tuesday as a multistate Salmonella outbreak linked to jalapeños continued to draw attention. The Food and Drug Administration and Centers for Disease Control and Prevention are investigating the outbreak, which has been linked to fresh jalapeños from Sinaloa, Mexico, distributed by Coast Citrus Distributors. The outbreak has sickened 345 people across 27 states, with 36 hospitalizations and no deaths reported. Chipotle Pulled Affected Jalapeños Of 191 people interviewed, 177, or 93%, reported eating at a Mexican-style restaurant before becoming ill, including Chipotle and QDOBA locations. Chipotle received jalapeños imported by Coast Citrus from Sinaloa and began switching suppliers at affected restaurants on July 20. The company is no longer serving the affected product. The FDA said it does not c...
Chipotle Mexican Grill Inc. (NYSE: CMG ) stock traded lower Tuesday as a multistate Salmonella outbreak linked to jalapeños continued to draw attention.
The Food and Drug Administration and Centers for Disease Control and Prevention are investigating the outbreak, which has been linked to fresh jalapeños from Sinaloa, Mexico, distributed by Coast Citrus Distributors.
The outbreak has sickened 345 people across 27 states, with 36 hospitalizations and no deaths reported.
Chipotle Pulled Affected Jalapeños Of 191 people interviewed, 177, or 93%, reported eating at a Mexican-style restaurant before becoming ill, including Chipotle and QDOBA locations.
Chipotle received jalapeños imported by Coast Citrus from Sinaloa and began switching suppliers at affected restaurants on July 20.
The company is no longer serving the affected product.
The FDA said it does not consider there to be a current ongoing risk to consumers at Chipotle or QDOBA after the restaurants removed the affected products.
Read Also: Meta, TikTok, Google and Snap Just Lost a Major Court Battle— and Must Face More Than 3,000 Lawsuits Over Addictive Platforms Targeting Young Users Technical Analysis Chipotle has also struggled over the longer term.
Shares are down 23.25% over the past 12 months.
The stock remains below several key moving averages.
The stock trades 7.8% below its 200-day simple moving average of $34.65.
Shares are also 5.9% below the 20-day SMA of $33.94 and 3.1% below the 50-day SMA of $32.97.
However, the 20-day SMA remains above the 50-day SMA, providing a more positive short-term signal.
Momentum remains weak.
The MACD is below its signal line, while its histogram is negative.
That suggests the stock's recent rebound is losing momentum.
Key resistance sits near $33.50, while support is around $31.
CMG Stock Price Activity: Chipotle Mexican Grill shares were down 0.70% at $31.91 at the time of publication on Tuesday, according to Pro data.
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