Chipotle Mexican Grill, Inc. (NYSE: CMG) is having an incredibly rough day in the market today, as it seems like we’re heading for a blast from the past. Yes… that’s right… they are making people sick again! Of course, this led to declines in the value of the stock, prompting our partners at Trade Ideas to alert us to the movement. At the moment (10:55), CMG is trading at $374.53 per share after a loss of $17.47 per share (4.46%) thus far today.
CMG Makes Consumers Sick Again
As mentioned above, reports are breaking that are leading to some serious declines for Chipotle Mexican Grill. The reports are that a restaurant is making people sick in Virginia, a startling reminder of the last time multiple stores led to horrible illnesses for its customers. Nonetheless, CMG did issue a statement. Here’s what they had to offer:
“We are aware of a small number of reported illnesses isolated to a single restaurant in Sterling, Virginia on Tripleseven Road, and have notified local health department officials. We are working with health authorities to understand what the cause may be and to resolve the situation as quickly as possible. The reported symptoms are consistent with norovirus. Norovirus does not come from our food supply, and it is safe to eat at Chipotle. We plan to reopen the restaurant today.”
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on CMG. In particular, we’re interested in following the story surrounding the Virginia restaurant and interested to see if this issue spreads, as it did last time. Nonetheless, we’ll continue to follow the story and bring the news to you as it breaks!
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