Chipotle Mexican Grill Inc (NYSE:CMG). experienced a rally in its stock for the second day in a row, closing at $1,829.51 on Tuesday, a 1.05% increase despite a mixed market environment. The Dow Jones managed to rise by 0.04%, while the S&P 500 fell by 0.01%.
In comparison to its competitors, Chipotle outperformed McDonald's Corp (NYSE:MCD)., Starbucks Corp (NASDAQ:SBUX)., and Yum! Brands Inc (NYSE:YUM). These companies recorded respective growths of 0.48%, 0.57%, and 0.84%. Despite this positive performance, Chipotle's stock still remained $345.5 below its 52-week high achieved on July 19, 2023.
Trading volume for Chipotle on Tuesday showed a shortfall of 5,045 shares when compared to its 50-day average. This indicates that while the stock has seen recent growth, it has done so with fewer shares being traded than usual.
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