Following the release of ugly earnings, Chipotle has finally been reacquainted with reality (down 18%), and the stock that has long been a darling of momo "investors" everywhere, because in a reflexive broken market, a stock is worth not a penny less than what the previous biggest fool is willing to pay for it, is getting decimated. Naturally, adding insult to muppet monkeyhammering, here is Goldman Sachs who decide to, after the fact, drop CMG from its conviction buy list.
CMG is down 20% from yesterday's close...
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