Chipotle's Sizzling 50-for-1 Stock Split: Jim Cramer Recommends Investing, Traders Buzz About Options Play
Portfolio Pulse from Surbhi Jain
Chipotle Mexican Grill Inc (NYSE:CMG) has executed a 50-for-1 stock split, reducing its share price from around $3,300 to about $65-$70. Jim Cramer recommends holding the stock, while Michael Khouw discusses the impact on options trading. Reddit users are also strategizing on how to leverage the split.
June 25, 2024 | 4:29 pm
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Chipotle Mexican Grill Inc (NYSE:CMG) has completed a 50-for-1 stock split, reducing its share price significantly. Jim Cramer recommends holding the stock, while options trading is expected to surge initially.
The stock split makes CMG shares more accessible to a broader range of investors, which is likely to increase demand and trading volume. Jim Cramer's positive outlook and the expected surge in options trading further support a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100