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Started By
Message
CMG stock split coming 50:1
Posted on 3/19/24 at 5:04 pm
Posted on 3/19/24 at 5:04 pm
quote:
Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that its Board of Directors approved a 50-for-one split of its common stock. This would be one of the biggest stock splits in New York Stock Exchange (NYSE) history.
The stock split is subject to shareholder approval of an amendment to the Company's Certificate of Incorporation to increase the number of authorized shares of common stock to accommodate the stock split. The company intends to seek shareholder approval for this amendment at its upcoming annual meeting on June 6, 2024.
If the Certificate of Incorporation amendment is approved, shareholders of record as of June 18, 2024 will receive 49 additional shares for each share held, which will be distributed after market close on June 25, 2024. Chipotle's shares are expected to begin trading on a post-split basis at the market open on Wednesday, June 26, 2024.
LINK
This post was edited on 3/19/24 at 5:06 pm
5
Posted on 3/19/24 at 6:09 pm to The Egg
The additional 49 shares is nice but the last time i bought before two splits was Amzn and google and i just broke even after like 2 plus years. Think i will skip the runup this will have up until the actual split. 
Posted on 3/20/24 at 7:48 am to The Egg
thanks for the heads up. I am going to buy some. Creating a position soon
Posted on 3/20/24 at 8:52 am to The Egg
quote:
shareholders of record as of June 18, 2024 will receive 49 additional shares for each share held
I have about 1/5 of a share Wonder if they’ll toss me any scraps?
Posted on 3/20/24 at 9:43 pm to The Egg
Chipotle is one of the few stocks I’ve been successful with as a turnaround
Bought when they had all the bacterial issues hoping that they me get things fixed. They hired new ceo and it’s been glorious ever since.
Bought when they had all the bacterial issues hoping that they me get things fixed. They hired new ceo and it’s been glorious ever since.
Posted on 4/27/24 at 6:55 am to The Egg
I’ve held onto cmg thru the bad times and currently enjoy over 200% return. I’m generally not a fan of splits because lower priced stocks are cheap….
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