Upon the revelation of Chipotle’s quarter 1 earnings, we have seen an epic short squeeze forming. Essentially all of the people bearish on Chipotle, are absolutely getting wrecked, with the stock jumping nearly 30 points after the news. However they did release that there was a security breach or hack within Chipotle possibly compromising customers payment information. But even with that negative press, the earnings they posted has been more than enough to carry it almost 6%. It’s currently holding at around 2.5% after the hacking news has brought it down some. Analyzing the reason for the move is important to show where the stock may be headed and how to trade it in the future.
https://youtu.be/D6n_WGpcwp4