CMG - Chipotle's 50-for-1 Stock Split Happens Today. Here's What to Expect
2024-06-26 10:02:00 ET
Chipotle Mexican Grill (NYSE: CMG) has split its stock in a historic, 50-for-1 transaction (one of the biggest stock splits ever). It's the first time the company, which has been public since 2006, has split its stock, and many investors are likely happy about the news -- Chipotle has had a four-figure price tag since 2020.
Management cited the usual reason for the stock split: to make it more accessible to employees and a broader range of investors. A more than $3,000 price tag could indeed feel out of reach to investors with limited funds at their disposal, and being able to give top employees more opportunities to share in the company's success can attract, and keep, talent.
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Chipotle's 50-for-1 Stock Split Happens Today. Here's What to Expect