Chipotle’s (CMG) board of directors approved a 50-for-1 stock split, resulting in the stock surpassing $3,000 per share. The split allows staff and retail investors to have more buying opportunities. Wedbush Securities Managing Director Nick Setyan gave insight into the retail company’s decision on March 20, 2024.
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It matters for all the reasons pointed out. Is psychology.
I’m confused how did it split if it’s still at $3000 a share
The split will not happen until approved by the board in late June
facts
Research finds no evidence for abnormal returns after stock splits. If you divide a pizza into more pieces you don’t get more pizza.