Investing
David Einhorn Pumps GM and Cigna, Pans Chipotle and Green Mountain
Published:
Last Updated:
Cigna Corp. (NYSE: CI) has risen 1.2% to $48.67 after Einhorn disclosed his position there. We would make note that Greenlight was already a known holder of Cigna shares as of June 30 with a 2.2% stake of 6.435 million shares of June 30.
General Motors Company (NYSE: GM) was also talked up by David Einhorn. We would note that in this position it has already been disclosed as of the June 30 date that Greenlight owned a 1.1% stake with some 17.42 million shares.
One position that David Einhorn is talking down is Chipotle Mexican Grill, Inc. (NYSE: CMG) as he called it a short sell with rising employee healthcare and rising food prices as two key headwinds. Shares of Chipotle are now down 5% at $299.99 so far today. Taco Bell competition was also noted along with a high valuation, but that has always been the case.
Another position that Einhorn is still speaking out against is Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) but this stock is actually on the rise due to short covering. Shares are up 1.2% at $23.59.
JON C. OGG
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.