CMG - Chipotle Stock Is Up 26% so far in 2024. How High Can It Go in the Second Half?
2024-07-14 05:00:00 ET
Investors are consistently bullish on Chipotle Mexican Grill (NYSE: CMG) stock, but it picked up some extra hype recently with its attention-grabbing 50-for-1 stock split on June 26.
Since then, the hype has calmed down, and shares have pulled back from their year-to-date highs. But even so, Chipotle stock is up a market-beating 26% so far this year. Can it go even higher before the end of 2024?
The stock-split hype certainly had a lot to do with Chipotle stock's popularity this year. Management first announced the transaction in mid-March, becoming another high-profile stock split for 2024. Shares gained 17% between the announcement and the split.
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Chipotle Stock Is Up 26% so far in 2024. How High Can It Go in the Second Half?