Chipotle CFO explains why the chain split its stock for the first time
Publishing timestamp: 2024-04-01 19:22:25
Summary
Chipotle CFO Jack Hartung explains the decision to split the company's stock for the first time in its history in order to make shares more accessible to employees and increase liquidity for investors. The split is set to be completed in June, with shareholders gaining 49 shares for every one they already own. Investors seem more focused on Chipotle's growth and results rather than the stock split.
Sentiment: NEUTRAL
Tickers: CMG,
Keywords: markets, business news, stock markets, ceo, chipotle mexican grill inc, investment strategy, jim cramer, business,