Previous close | 62.40 |
Open | N/A |
Bid | 0.00 |
Ask | 0.00 |
Strike | 3,165.00 |
Expiry date | 2024-07-12 |
Day's range | 62.40 - 62.40 |
Contract range | N/A |
Volume | |
Open interest | 3 |
FEATURE Chipotle Mexican Grill is set for a 50-to-1 stock split on June 26, a first for the fast-casual restaurant chain, and one of the largest in the New York Stock Exchange’s history. The stock split won’t change the value of shareholders’ existing investment: While investors will own 50 times as many shares as they did the day before, the price of each share will drop to one-fiftieth of its value at the close of trading on June 25.
Chipotle Mexican Grill (CMG) closed at $3,210.49 in the latest trading session, marking a -0.12% move from the prior day.
Splits don’t change a company’s business or the earnings associated with a given investment in the stock, but they can boost the price over the short term.