Chipotle Extends Weekly Losses to 12% on Jalapeno Salmonella Alert
Chipotle shares have fallen 12% this week after the company announced a possible link between its jalapeno supply and a salmonella outbreak.
CMG
Chipotle Mexican Grill ($CMG) disclosed that its jalapeno supply may be connected to a salmonella outbreak. Following the announcement, the stock extended its weekly decline to -12%.
The news reignited food safety worries around the fast-casual chain, pressuring the share price further. The weekly drop reflects a sharp reversal in investor sentiment.
Source: The Kobeissi Letter