Chipotle Mexican Grill Sharply Lower

Chipotle Mexican Grill, Inc. CMG shares are trading lower by $49 (7 percent) at $655.53 in Wednesday's session following its earnings report. In volatile after-hours trading, it spiked to $653.01 and sharply rebounded to $713 before cratering once again. So far, it has found support ahead of the pre-market low ($644.99), only reaching $646.80 and rebounding to $664. Since 12:30 p.m. ET, it has been consolidating in a narrow range from $655.22 to $657.57.