Posted 3/20/2024, 2:38:16 PM
Chipotle Stock Hits Record High, Announces 50-for-1 Stock Split to Increase Affordability
- Chipotle's stock hit a record high, surpassing $3,000 per share for the first time after announcing a 50-for-1 stock split
- The stock split aims to make shares more affordable for investors and employees by lowering the share price
- Chipotle shares have rallied over the past year due to strong earnings and demand
- This will be Chipotle's first stock split in its 30-year history
- Chipotle went public in 2006 at $22 per share; the stock split could ease liquidity given the high share price