CDC Expected To Declare End To Chipotle's E. Coli Outbreak, Shares Spike Higher

Shares of Chipotle Mexican Grill, Inc. CMG were trading higher by more than 4 percent ahead of Monday's opening bell after The Wall Street Journal reported that the Centers for Disease Control and Prevention may declare that the E. coli outbreak that plagued the company over the past few weeks is over. An E. coli outbreak surfaced back in October and spread to various states across the U.S., including California, Ohio, New York, and Minnesota. The troubling headlines caused panic among investors, as evidenced by the nearly 30 percent decline in Chipotle Mexican Grill's stock over the past 3 months. Related Link: Chipotle's E. Coli News Is Scaring These Analysts The Wall Street Journal, citing "people familiar with the government's investigation," said that the 'all clear' announcement from the CDC could come as soon as Monday. However, investigators have not been able to determine what caused the outbreak in the first place.