Stock Of The Day: Chipotle flashed a buy signal Thursday as it works on a base. Shareholders are set to OK a 50-for-1 CMG stock split.
Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that during its annual meeting, its shareholders approved an increase in the number of authorized shares of its common stock, which is necessary to facilitate the company's 50-for-1 stock split. This will be one of the biggest stock splits in New York Stock Exchange (NYSE) history.
The S&P 500 and Nasdaq hit highs and many stocks flashed buy signals on just-right economic data. Nvidia topped a $3 trillion valuation, passing Apple.