"Chipotle's Board Approves 50-for-1 Stock Split, Share Price Soars"
Originally Published 1 year ago — by Investor's Business Daily
Chipotle Mexican Grill's board has approved a 50-for-1 stock split, causing the stock to rise overnight. Shareholders will vote on the split at the annual meeting in June, and the announcement led to a 4.4% jump in late trading. Stock splits can attract investors as the stock appears "cheaper," although ownership stakes remain the same. This 50-for-1 split is notably large, and follows Google parent Alphabet's 20-for-1 split in 2022.
