Chipotle (CMG) Stock Starts Trading on a Split-Adjusted Basis Today
Chipotle Mexican Grill(CMG) Investor Place·2024-06-26 22:46
Chipotle Mexican Grill (NYSE:CMG) completed its 50-for-1 stock split. The deal brought the stock’s price down from a nosebleed of $3,300 per share to an investor-accessible value in the mid-60s. The market capitalization remains the same, at $4.5 billion.While the deal has no practical effect, it does have a psychological one: It encourages small investors to purchase CMG stock. It’s one of the biggest splits in the history of the New York Stock Exchange.Cheers for NiccolChipotle, which was originally a 200 ...