Chipotle Stock Plunges Again on New E. Coli Fears

Wall Street is very very worried that those long lines at Chipotle around lunchtime may be a thing of the past following reports of more E. coli cases tied to the popular Mexican food chain.

Shares of Chipotle (CMG) fell 5% Tuesday and dipped below $500 for the first time since May 2014 after the CDC said Monday afternoon that there may be a new, unrelated E. coli outbreak.

The CDC said that it “is investigating another, more recent outbreak” reported in three states (1 in Kansas, 1 in North Dakota and 3 in Oklahoma) that appears to have a “different, rare DNA fingerprint” of the E. coli bacteria strain.

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