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Benzinga
Benzinga
Business
Surbhi Jain

Bill Ackman's Chipotle Bet Still Sizzles Despite 52-Week Low

Ackman Chipotle CMG Chipotle Mexican Grill Inc.
Chipotle Shutterstock

Bill Ackman's once-scorching bet on Chipotle Mexican Grill Inc (NYSE:CMG) has cooled dramatically, with the burrito giant's stock now at a 52-week low. Shares closed at $38.76, down 35% year-to-date and 28% over the past year, leaving Ackman's high-conviction holding looking decidedly less appetizing – at least in the short term.

  • Track CMG stock here.
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