DJ Chipotle Mexican Grill Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Chipotle Mexican Grill Inc. $(CMG)$ slipped 1.09% to $2,923.46 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.86% to 5,248.49 and the Dow Jones Industrial Average rising 1.22% to 39,760.08.
The stock's fall snapped a two-day winning streak.
Chipotle Mexican Grill Inc. closed $100.52 short of its 52-week high ($3,023.98), which the company reached on March 20th.
The stock underperformed when compared to some of its competitors Wednesday, as McDonald's Corp. $(MCD)$ rose 1.22% to $282.02, Starbucks Corp. $(SBUX)$ rose 1.26% to $91.50, and Yum! Brands Inc. $(YUM)$ rose 1.87% to $137.32.
Trading volume (243,329) eclipsed its 50-day average volume of 237,607.
Data source: Dow Jones Market Data, FactSet. Data compiled March 27, 2024.
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(END) Dow Jones Newswires
March 27, 2024 16:45 ET (20:45 GMT)
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