Chipotle's Stock Split: What You Need to Know
Money | June 26, 2024, 11:53 a.m.
Chipotle Mexican Grill's highly anticipated 50-for-1 stock split has made history on the New York Stock Exchange, with shareholders receiving 49 additional shares for each one they previously held. Yahoo Finance's Brooke DiPalma details how this split compares to others and the potential impact on Chipotle's stock price. While the stock has fallen 3% following the split, it has made shares more accessible and could lead to higher returns. Despite being purely cosmetic, stock splits like this are often seen as a positive sign of confidence from the company. Chipotle's stock performance has been strong, with shares up 40% year to date, outperforming the S&P 500. Keep an eye on Chipotle as it navigates this historic moment in its stock history.