Chipotle Just Split Its Stock 50-for-1. Here's What Investors Need to Know.
Chipotle Mexican Grill(CMG) The Motley Fool·2024-06-27 20:25
The much-anticipated split finally took place. Here's a look at the company's prospects.Chipotle (CMG 0.30%) has officially joined the stock split club after shares began trading at a fiftieth of their previous price. If you're a shareholder, don't panic. You'll notice you have 50 times the shares you used to have. It's essentially a wash in terms of net value for your portfolio.So why did Chipotle do this? A forward split allows a company to make its shares accessible to a wider audience. For many retail t ...