Chipotle’s stock zooms to record after announcing 50-for-1 stock split. Some analysts think it can go even higher.

未分类 google-game March 21, 2024 11:16 am 47views 0comments

The last 50-for-1 stock split on the NYSE was Berkshire Hathaway’s in 2010

Chipotle Mexican Grill Inc.’s stock rallied Wednesday, following news a day earlier that the fast-casual restaurant chain’s board has approved a 50-for-1 stock split — its first-ever such move, and one intended to make the stock easier to buy as it continues to march higher.

Shares of Chipotle CMG rose 3.5% to end at a record $2,895, also notching their biggest one-day percentage increase since since Feb. 7, when it rose 7.2%.

The…

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