Chipotle's 50-for-1 Stock Split Happens Today. Here's What to Expect

Chipotle's stock price is down, but in a stock split, that's not a bad thing.Chipotle Mexican Grill (CMG -1.54%) has split its stock in a historic, 50-for-1 transaction (one of the biggest stock splits ever). It's the first time the company, which has been public since 2006, has split its stock, and many investors are likely happy about the news -- Chipotle has had a four-figure price tag since 2020.Management cited the usual reason for the stock split: to make it more accessible to employees and a broader ...