MarkGillCPA

Why Are Insiders Losing Their Taste for Chipotle?

My guess is that after watching their stock rise to 155 in 2007, and then seeing it fall to 37 in 2008, the insiders learned their stock wasn't bullet proof, and this year's move to 92 was an opportunity to lock in some gains.

CMG's a good company, but at 27x forward earnings, it isn't cheap.

I don't normally short stocks, but I could see how a hedgie might short this on a break below 80 for a potential move back to 65 (Jan high) or 60 (200 day MA).