Meet the Stock-Split Stock Making Wall Street History, Plus the Nasdaq Stock That Could Split Next
Chipotle Mexican Grill (NYSE: CMG) made history when it announced a 50-for-1 stock split last month. Assuming shareholders approve the amendment at the annual meeting on June 6, the stock will split after the market closes on June 25.
That announcement is historic for two reasons. First, Chipotle has never split its stock since it was founded 30 years ago. Second, it will be one of the biggest stock splits in New York Stock Exchange (NYSE) history, with shareholders receiving 49 additional shares for each share owned.
Stock splits can be useful to investors -- not only because they make shares cheaper, but also because they can spotlight competitively advantaged companies. That is to say, the substantial price appreciation that typically precedes a Stock split rarely happens to mediocre companies.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 64 Buy predictions and 1 Sell predictions.
With a target price of 2555 € there is potential for a 5246.87% increase which would mean more than doubling the current price of 47.79 € for Chipotle Mexican Grill Inc..
