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Chipotle Shares Dropping Over 9% Due to E.coli

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America's burrito aficionados Chipotle Mexican Grill ( CMG ) are not having a good trading day to end the week. The Centers for Disease Control and Prevention issued an update on E.coli infections linked to the company's restaurants on Friday.

Following this news, shares of the company fell as much as 9% in afternoon trading. As of 3:17 PM ET, Shares are down 9.57%, or $58.51 to $553 per share. CMG opened today at $612 per share.

According to the CDC, 45 people infected with a strain of the bacteria, called the Shiga toxin-producing Escherichia coli O26 (STEC O26), have been reported in six states: California, Minnesota, New York, Ohio, Oregon, and Washington.

Washington had the most reported cases linked to the fast-food chain, at 26. The other states were Oregon at 13, California and Minnesota each at 2, and New York and Ohio each at 1.

"The epidemiologic evidence available at this time suggests that a common meal item or ingredient served at Chipotle Mexican Grill restaurants in several states is a likely source of this outbreak," the CDC's statement said.

A few weeks ago, Chipotle reopened 43 restaurants that were shut down to E.coli related illnesses.

Earlier this year, a salmonella outbreak in Minnesota was traced to tomatoes used at Chipotle.

Chipotle currently holds a Zacks Rank #3 (Hold).

Chipotle Mexican Grill Inc. (CMG) Stock Price - Current Day | FindTheCompany

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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