Shares of Chipotle ($CMG) fell off a cliff today after Business Insider reported the closing of a Sterling, VA location following multiple reports of customers falling ill.
Customers reported symptoms such as vomiting, diarrhea, severe stomach pain, dehydration, and nausea to the website iwaspoisoned.com, which first alerted Business Insider to the issues at the Sterling restaurant. One person reported two hospitalizations as a result of the illnesses.In total, eight reports were made to the website, indicating that at least 13 customers fell sick after eating there from July 14-15.
Chipotle told Business Insider that it is aware of the situation, and is “working with health authorities to understand what the cause may be and to resolve the situation as quickly as possible,” according to Executive director of food safety Jim Mardsen – who added “The reported symptoms are consistent with norovirus.”
Just can’t seem to get it right. Was considering buying shares last time they fell like this but I’m glad I stayed away. Super sad because to be honest I love Chipotle’s food.
This may be an isolated incident if they've only had reported illness from one location, but I hope they are okay, big fan of the burrito bowls
This is what I don't get, the stock dropped before the news released...insiders? I notice this with stocks such as BMW (airbog recall) their stock dropped before the news report. SOMEONE EXPLAIN PLZ
I love chipotle and have never had any issues. They need to look deeper into shop level operations and possibly take a better look at suppliers.
They'll be fine. It appears unrelated to their supply chain.
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