Key TakeawaysChipotle stock is set to undergo a 50-for-1 split after markets close Tuesday, with shareholders receiving 49 additional shares for each share they owned previously.The first day of Chipotle's split-adjusted trading will be on Wednesday.The split will lower the cost of each individual share and could make the stock more accessible to Chipotle's employees and a wider range of investors. Chipotle Mexican Grill (CMG) investors will soon see a much larger number of shares in their portfolios after ...

For more than 20 years, Chipotle's iconic Celebrity Card has been primarily gifted to brand superfans who are athletes, artists, musicians, or influencers At a time when social media and the speed of culture are redefining who is considered a celebrity, Chipotle is giving all fans the chance to receive a coveted Chipotle Celebrity Card From June 24 through July 3, fans can apply to become a Chipotle Celebrity Card holder via LinkedIn Easy Apply* Chipotle Celebrity Cards grant holders access to free Chipotl ...

Among the eight high-profile companies to have announced a forward-stock split in 2024, two stand out for all the wrong reasons.Over the last 30 years, investors have pretty much always had a new innovation or trend to latch onto. Next-big-thing technologies like the internet, genome decoding, 3D printing, blockchain technology, and the metaverse represent some of the examples of potentially game-changing trends for corporate America.At the moment, investors have two buzzy trends that they're flocking to. W ...

Chipotle shares have climbed in the triple digits in recent years.Chipotle Mexican Grill (CMG -0.12%) is doing something it's never done before in its 30-year history. The company is splitting its stock, with the operation scheduled for this week. The decision came after the shares soared in the triple digits over the past few years, reaching beyond $2,000 last year and past $3,000 this year.The reason for such enormous gains? This fast-casual restaurant has reported quarter after quarter of growth -- even ...

Chipotle (NYSE:CMG) has long dominated the fast-casual restaurant space, leading to blistering growth. Subsequently, its success saw CMG stock rise well beyond the $3,000 per-share price level, making it inaccessible to retail investors who lack access to fractional share ownership. As a result, management will implement a 50-for-1 share split. While the move should boost accessibility, valuation concerns linger.According to the company’s press release, CMG stock will begin trading on a post-split basis on ...

Chipotle’s (NYSE:CMG) 50-for-1 stock split, one of the largest in the New York Stock Exchange’s history, is just around the corner. Participating shareholders of record on June 18 have already been locked into the split, and those investors will see the stock split reflected at the close of trading on June 25. The shares will officially begin trading at the split-adjusted level on June 26.The Huge CMG Stock Split Was Approved by ShareholdersCMG stock is up 43% year-to-date and has gained a whopping 343% in ...

Ackman's Pershing Square Capital Management dumped roughly 10% of its stake in its largest and longest-held position.If there's one thing Wall Street doesn't lack, it's data. Between earnings season and monthly economic data releases, it can be easy for investors to get overwhelmed and miss something important.Roughly five weeks ago, during the heart of earnings season, what's arguably the most important data release of the quarter occurred. I'm talking about the May 15 deadline for institutions to file For ...

Key TakeawaysChipotle shares dropped more than 6% on Thursday, just days before a 50-for-1 stock split in the fast casual restaurant chain's shares.Institutional investors may be booking profits ahead of next Wednesday's split, given the stock has gained more than 40% since the start of the year and has more than doubled since the start of 2023.A potential bull trap pattern and bearish divergence indicates weakening momentum in the burrito maker's share price.Chipotle shares may find support near key Fibona ...

The U.S. restaurant industry continues to be impacted by high wages, food cost inflation and traffic woes in 2024 after two years of strong growth. The Zacks defined Retail – Restaurants industry is currently in the bottom 38% of the Zacks Industry Rank.In the past year, the industry has declined 6.4%, while its year-to-date return is a negative 1.8%. Since it is ranked in the bottom half of Zacks Ranked Industries, we expect the restaurant industry to underperform the market over the next three to six mont ...

Most millionaires reach that level of wealth by investing their cash into profitable assets. Investments allow your money to work for you, and the growth becomes more pronounced once you get past the first $100,000. That milestone is the hardest part about being a millionaire. That’s because of how percentages work. If your $10,000 portfolio goes up by 10%, you only have $11,000. That’s still better than nothing, but if you generate that same return on a $500,000 portfolio, your portfolio will gain an addit ...