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Stock Market Today, Oct. 12: Chipotle Falls 4% as Starbucks Denies Takeover Bid

Chipotle Mexican Grill (NYSE:CMG), a fast-casual Mexican-inspired restaurant chain with company-operated locations, closed at $30. 40, down 3. 75%. Starbucks' denial of a takeover cooled the stock, and investors are waiting for third-quarter results on Oct. 28. Trading volume reached 26. 0M shares, coming in about 48% above its three-month average of 17. 6M shares. Chipotle Mexican Grill IPO'd in 2006 and has grown 3,355% since going public. S&P 500 (SNPINDEX:^GSPC) closed at 7,808, down 0. 05%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 27,246, down 0. 44%.

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