Reported 9 months ago
Chipotle Mexican Grill's stock took a hit on Thursday after a 50-for-1 stock split caused shares to drop over 5% in value. Despite the stock split not affecting the company's overall value, profit-taking following the price increase likely led to the decline in stock price. However, given Chipotle's enduring popularity, some investors may view the dip as an opportunity to invest in the company.
Source: YAHOO