Chipotle (NYSE:CMG) bounces back; buyback gap remains before July earnings
Chipotle closed Friday at $33.34, rebounding for four days but still 7.7% below the $36.14 average price paid for Q1 buybacks, leaving repurchased shares about $54 million below cost; Friday’s volume was 3.5 times the 65-day average, and the next key catalyst is Q2 results on July 29.