Chipotle Mexican Grill shares are trading higher after company's board approved a 50-for-1 split of common shares.
Portfolio Pulse from Benzinga Newsdesk
Chipotle Mexican Grill's stock is trading higher following the board's approval of a 50-for-1 common share split.
March 20, 2024 | 11:09 am
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Chipotle Mexican Grill's stock is expected to become more accessible to a wider range of investors due to the 50-for-1 stock split, potentially increasing liquidity and interest in the stock.
Stock splits often make shares more affordable to small investors, which can increase trading volume and potentially raise the stock's price. Given the significant ratio of the split, it's likely to attract more attention and possibly new investors to CMG.
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