Chipotle Shareholders Approve For 50-For-1 Stock Split, Shares Will Begin Trading On A Post-Split Basis At The Market Open On Wednesday, June 26, 2024
Portfolio Pulse from Benzinga Newsdesk
Chipotle Mexican Grill, Inc. (NYSE:CMG) announced a 50-for-1 stock split, approved by shareholders. The record date is June 18, 2024, and shares will begin trading on a post-split basis on June 26, 2024.
June 06, 2024 | 3:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Chipotle Mexican Grill, Inc. (NYSE:CMG) has announced a 50-for-1 stock split, approved by shareholders. The record date is June 18, 2024, and shares will begin trading on a post-split basis on June 26, 2024.
Stock splits generally make shares more affordable to a broader range of investors, potentially increasing demand and liquidity. This could lead to a short-term positive impact on CMG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100