Chipotle Mexican Grill Higher Despite Market Rout

Chipotle Mexican Grill

shares are trading higher by $21 at $425.26 in Wednesday's session. Investors are piling back into the beaten-down based on comments by the company's CEO. He stated he was extremely confident the food poisoning outbreak won't happen again. The move has prompted two Wall Street firms (William Blair and Citigroup) to take bullish action on the ratings front. After a higher open, it retreated to $406.65 before resuming its move higher. The ensuing rally has taken the issue to $432.30 before falling back into the mid $420 handle.