What You Need To Know Ahead of Chipotle's 50-for-1 Stock Split Tuesday
Chipotle Mexican Grill ( $Chipotle Mexican Grill(CMG.US$) is set for a 50-for-1 stock split after markets close on Tuesday. Investors will receive 49 new shares for each one they currently own.
Why Chipotle Is Splitting Its Stock
Chipotle shares have soared since their $22 IPO in 2006, recently surpassing $2,000. Despite economic challenges, the company continues to post strong earnings. CFO Jack Hartung mentioned that the split aims to make the stock more accessible, especially to employees, and promote employee ownership through special equity grants.
How the Split Will Work
After the split, investors will see 50 times the number of shares at a lower price per share, with no change in the overall value of their holdings or Chipotle's market cap. For instance, a pre-split price of $3,194.50 per share would become $63.89 per share post-split. Trading of split-adjusted shares begins on Wednesday.
This move follows $NVIDIA(NVDA.US$ 's 10:1 stock split earlier this month, which saw a brief increase in share value before a decline.
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876AllMoneyIn416 : When is this actually splitting!?
Crypto Angel 876AllMoneyIn416 : June 26th is the scheduled split day
876AllMoneyIn416 : Thank you! I thought so but I read a post that it was the 25th when market closed & it threw me off. Appreciate it.