Greenlight Capital's David Einhorn said in his latest letter to clients on Tuesday that the firm has shorted a group of momentum stocks the firm dubs 'the bubble basket.' Greenlight also said the firm closed short positions in Chipotle Mexican Grill and Michael Kors in the first quarter while closing long positions in General Motors , Delphi Automotive, NCR Corp. and DST Systems Inc. for the same period.
Chipotle Mexican Grill, Inc. (Chipotle) operates Chipotle Mexican Grill restaurants. Shares of CMG traded higher by 1.14% or $5.76/share to $512.30. In the past year, the shares have traded as low as $350.66 and as high as $622.90. On average, 639563 shares of CMG exchange hands on a given day and today's volume is recorded at 792934.
DST Systems, Inc. (DST) is global providers of technology-based service solutions. Shares of DST fell by 0.08% or $-0.08/share to $94.75. In the past year, the shares have traded as low as $64.01 and as high as $99.89. On average, 263245 shares of DST exchange hands on a given day and today's volume is recorded at 162625.
NCR Corporation (NCR) is a technology company, which provides products and services, which enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service. Shares of NCR traded higher by 2.75% or $0.93/share to $34.74. In the past year, the shares have traded as low as $26.38 and as high as $41.63. On average, 2476730 shares of NCR exchange hands on a given day and today's volume is recorded at 1039930.
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