Nvidia and Chipotle Are Splitting Their Stocks. Could These Two Companies Be Next?
Chipotle Mexican Grill(CMG) The Motley Fool·2024-06-11 01:23
There are compelling reasons to think these two companies might be next.June is a popular month for stock splits. Two recent high-profile ones were Amazon and Shopify, both in June 2022. The two newest June stock splits are Nvidia, which split its stock 10-for-1 last week, and Chipotle Mexican Grill, which is set to split on June 26 at 50-for-1.When a company splits its stock, it implies that it has grown tremendously and that management expects even more growth. A high price tag could be a barrier to entry ...