“Chipotle Announces 50-for-1 Stock Split. Here’s What Investors Need to Know.”
March 25, 2024
“…Over the past year, Chipotle stock has gained an impressive 74%, but that’s just the beginning. For those lucky enough to get in on its IPO in early 2006, the stock has soared from $22 to roughly $2,798, a mind-boggling gain of 12,616%…
Management announced that its board of directors had approved a 50-for-1 stock split, “one of the biggest stock splits in New York Stock Exchange history.” The stock split will be subject to shareholder approval at Chipotle’s annual meeting on June 6. Assuming Chipotle investors approve the measure, shareholders of record as of Jun. 18, 2024 will receive an additional 49 shares of stock for each share they own after the close of business on June 25. The shares will begin trading on a split-adjusted basis when the market opens on June 26. The schedule may vary somewhat from brokerage to brokerage, and it may be a few days before the newly minted shares materialize…”
https://finance.yahoo.com/news/chipotle-announces-50-1-stock-131207578.html