Guac stock: Chipotle is splitting its stock

3/21/24 7:00PM

Guac stock

Despite stock splits having no effect on the underlying company whatsoever, Chipotle’s share price surged as much as 8% on Wednesday after the Mexican Grill chain announced a 50-for-1 stock split for the first time in the company’s 30+ year history.

The company’s revenues have risen almost every year for 2 decades.

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