Why Chipotle Is Prepping for a 50-for-1 CMG Stock Split

Chipotle Mexican Grill (NYSE:CMG) will conduct a 50-for-1 CMG stock split. While the news has no direct impact on the Mexican bowl-and-wrap chain’s value, it sent CMG stock up 5% overnight. Shares were trading in the pre-market at $2,939 each. The post-split price on those shares would be $59, but the market capitalization remains the same at about $81 billion. The number of shares will increase from 27.42 million to a post-split 1.371 billion.More Chips, PleaseChipotle came public 18 years ago at $22 per s ...