As we reflect on the strong performance of the market in September, we can’t help but look ahead to what October has in store. While October is known for its volatility, it’s essential to be prepared for any potential challenges that may arise.
One stock that has historically performed poorly in October is Chipotle Mexican Grill Inc (NYSE:CMG). Over the past 10 years, CMG has finished the month lower eight times, with an average loss of 4.8%. This track record makes it a stock to watch closely this coming month.
Currently trading at $57.56, CMG has been struggling to break above the $58.50 region. Despite this, the stock still maintains a 26% year-to-date lead. Options traders have been bullish on CMG, with a high call/put volume ratio indicating a strong preference for calls in recent days.
As we navigate through the ups and downs of the market, it’s essential to stay informed and be prepared for all possible outcomes. Keeping a close eye on stocks like CMG can help investors make informed decisions during potentially volatile times. Stay tuned to Extreme Investor Network for more insights and analysis to help you navigate the world of finance with confidence.