CMG - What Will Happen After Chipotle's Massive 50-for-1 Stock Split? Here's What History Shows.
2024-06-26 05:50:00 ET
It didn't make a sound. It didn't shake the ground. But after the market closed on Tuesday, one of the biggest stock splits ever took place.
Chipotle Mexican Grill (NYSE: CMG) announced on March 19, 2024, that its board of directors approved a 50-for-1 stock split. On June 6, the restaurant operator's shareholders approved the split. Following the market close on June 25, all shareholders of record as of June 18 received 49 additional shares for every share they owned.
What will happen now after Chipotle's massive 50-for-1 stock split? Here's what history shows.
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What Will Happen After Chipotle's Massive 50-for-1 Stock Split? Here's What History Shows.