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Chipotle’s 50-for-1 split is a bold move. While stock splits are relatively common, a 50-to-1 ratio is rare. In fact, it’s one of the biggest stock splits in New York Stock Exchange (NYSE ...
June 26, 2024 at 12:14 PM. Chipotle's 50-for-1 stock split takes effect: Key takeaways. /. Loaded 0%. Chipotle ( CMG) investors will notice a difference in their portfolios today. The burrito ...
This group found that stocks trounced the S&P 500 during the 12 months after announcing a stock split 25% to 12%. Granted, the outsized gains haven't been quite as big in recent years. Since 2010 ...
With its stock split imminent, here are the 10 things you need to know. 1. Chipotle's forward split is historic. On March 19, Chipotle's board of directors announced a 50-for-1 forward split ...
One stock that has arguably been overdue for a stock split is Chipotle Mexican Grill (NYSE: CMG). Trading at roughly $3,089 per share, its price tag is among the highest you'll find in the S&P 500 .
On the other hand, Chipotle recently announced a planned 50-for-1 stock split in mid-2024, which caused its stock to increase by 7% to a record high of around $3,000 per share.
Considering Chipotle's price today -- about $3,214 -- the price following this 50-for-1 stock split will be about $64. Though the record day to benefit from the split was on June 18, if you buy ...
As of this writing, Chipotle shares trade at a price-to-earnings (P/E) ratio of 65.5. This is in nosebleed territory, and it highlights the extreme optimism and bullishness the market has for this ...