Despite Chipotle's striking year to date performance, the company is one of the most heavily shorted stocks according to Ihor Dusaniwsky, Managing Director of Predictive Analytics at S3 Partners. Shorts have cut their exposure in the face of tremendous losses.
"Chipotle short sellers were selling into the rally for the first 2 1⁄2 months of 2019, incurring $500 million of mark-to-market losses, -36.51%, before reversing course and cutting their CMG exposure," said Dusaniwsky in a research note.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE: Tesla is about to release Q1 earningsTesla is scheduled to report first-quarter earnings results after the market's close on Wednesday.
Source: BusinessInsider - 🏆 729. / 51 Read more »
LIVE: Here comes Facebook's Q1 earningsFacebook has been beset by scandals for years — but that hasn't halted its explosive profits. techinsider and here it is folks. latest earnings. Consumerism makes the world go round.
Source: BusinessInsider - 🏆 729. / 51 Read more »
LIVE: Here comes Snap's Q1 2019 earnings...Snapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The stock market’s progress to a fresh record hinges on a key gauge of economic growthWall Street is set to get its first read of 2019 economic growth as investors adopt a rosier economic outlook, following talk of a recession only a few weeks... Nope. The fed, trump and team will pump. And say the china deal is ‘progressing’
Source: MarketWatch - 🏆 3. / 97 Read more »
Boeing's stock swings higher after Q1 results, which include $1 billion increased cost for 737 businessBoeing Co.'s commercial airplanes business suffered first-quarter declines in profit, revenue and margin in the wake of groundings of its 737 MAX planes... $BA is not a stock which could grow.. Beautiful! 'Boeing's stock has gained 4.4% over the past three months through Tuesday, while the Dow Jones Industrial AverageDJIA+0.55% has gained 8.6%...'
Source: MarketWatch - 🏆 3. / 97 Read more »
Wall Street Expects Tesla Q1 Loss; Awaits Word On Company's Cash PositionTesla prepares to report earnings after a quarter full of mixed messages and volatile stock price action. It's true about the volatility. SandHillInsight
Source: Forbes - 🏆 394. / 53 Read more »