Chipotle’s stock is so hot, the company’s board approved a 50-for-1 stock split
Chipotle - stock split
Mostly who are playing options with Chipotle should stay away from it for some time. Long term investor should continue cost averaging for long time.
More on reddit.comChipotle split 50 for 1
Amazon and Google didn't go down because their share price split, they went down because they did it in 2022 during a macro bear market.
Also, it didn't take 20 months for either of them to recover their share price, even considering the bear market that the split happened in. It took less than a year for them both.
More on reddit.comChipotle stock about to split
stock splits typically happen when a price gets too high “high”. it’s really all a show;
the goal is to make the investment seem more appealing. too high of a share price = the illusion that it’s overvalued, too expensive etc.
3k stock price is actually surprisingly high, NVDA just had a split at 1k. surprised chipotle is just now doing it.
if anything the stock split will help their value in terms of stock price
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CNN — Chipotle’s board announced that it approved a 50-for-1 stock split on Tuesday, which the company called one of the biggest stock splits in New York Stock Exchange history.
That means a single share of Chipotle, worth $2,797.56 as of Tuesday’s stock market close, will be split into 50 smaller shares if the move wins shareholder approval, effectively rolling back the cost of investing in the company.
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