Investing
David Einhorn Pumps GM and Cigna, Pans Chipotle and Green Mountain
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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.
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