Reported 8 months ago
Chipotle Mexican Grill (CMG) is set to undergo a 50-for-1 stock split on Tuesday, with shareholders receiving 49 additional shares for each share owned previously. The split aims to make the stock more accessible to a wider range of investors, including Chipotle employees. The split will result in a lower price per share without changing the total value of investors' holdings, with the first day of split-adjusted trading scheduled for Wednesday.
Source: YAHOO