1 Stock-Split Stock to Buy Hand Over Fist in June and 1 to Avoid

Stock splits often create excitement and buzz among investors, but not all splits are alike. Some stock splits point to fantastic long-term growth stories and great investment opportunities, while others may be overvalued speculation stories that ultimately lead to disappointments.

On that note, the June 2024 stock split calendar includes two household names, and I recommend buying one but not the other right now.

Mexican fast-food giant Chipotle Mexican Grill (NYSE: CMG) is set to undergo a 50-for-1 stock split, effective June 26, 2024. While the split will drop individual share prices from the $3,155 range to approximately $63, the true appeal lies in the company's robust fundamentals and growth prospects.

Source Fool.com