Despite September’s reputation as a historically weak time for stocks, it has been a strong month for the market this year. However, October may pose its own challenges as it is considered volatile by several news sources, including MarketWatch.
With this background in mind, we’ve compiled a list of the worst stocks to own over the next month. Chipotle Mexican Grill (NYSE:CMG) It stands out among them. CMG has declined eight times in the past decade, ending October with an average loss of 4.8%, said Rocky White, senior quantitative analyst at Schaefer & Co.
Last seen today, CMG was down 0.4% at $57.56. The stock has struggled to break out of the $58.50 area, holding a 26% year-to-date lead.
Option traders are betting on a rally, and if this optimism wanes, there could be headwinds. On the International Stock Exchange (ISE), Chicago Board Options Exchange (CBOE), and Nasdaq OMX PHLX (PHLX), CMG’s 10-day call/put volume ratio of 3.56 ranks at the 94th percentile increase in the annual range and is at a heavy level. It shows that there is. Recently, I have become interested in using the telephone.
