2024-07-04 09:15:00 ET
Chipotle Mexican Grill (NYSE: CMG) has completed its stock split, and from its prior price of above $3,000, its shares now trade at a much lighter price tag of around $60. That makes it a lot easier for investors to own full shares of the popular restaurant chain.
Now, stock splits don't change anything about the underlying businesses that conduct them, but nonetheless, they often generate some extra bullishness. Many stocks' valuations rise in the weeks and months following a split, in part because the very fact that a stock has risen by enough to justify one is a reflection that the business has been doing well.
With more growth still in the cards for Chipotle, is it possible for this stock to get back to a price above $1,000 again?
For further details see:
Can Chipotle Get Back to $1,000 After Its Stock Split?