Reward 1000 Tiger-coins$Chipotle Mexican Grill(CMG)$ , a US-based restaurant chain offering Mexican-inspired cuisine, announced a 50-for-1 stock split.
That means a single share of Chipotle will be split into 50 smaller shares. The split is subject to shareholder approval on June 6, with the cheaper, post-split shares expected to trade starting June 26.
Chipotle's stock rising around 5% in pre-hour trading following the announcement, just one step closer from $3000.
Generally, stock splits mean lower investment thresholds, potentially attracting more retail investors to stocks. Therefore, after announcing a stock split, the stock price tends to rise.
Some well-known companies like $NVIDIA Corp(NVDA)$ , $Tesla Motors(TSLA)$ , and $Apple(AAPL)$ have split their stocks in the past.
However, a stock split doesn't necessarily guarantee a significant increase in stock price; it still depends on the company's operations. For instance, Tesla's stock price failed to surpass previous highs after its split in 2022.
Which company is the next to split stock in 2024?
Let’s look at these strong candidates:
$Booking Holdings(BKNG)$ $MercadoLibre(MELI)$ $MicroStrategy(MSTR)$ $Fair Isaac(FICO)$ $NVIDIA Corp(NVDA)$
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Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 48% by 2026.
The company returns high margins, thereby supporting business profitability.
The company is in a robust financial situation considering its net cash and margin position.
Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
Good job Chipotle!
@CaptainTiger @MillionaireTiger @Tiger_comments @Daily_Discussion @TigerClub @TigerStars
depending on situations and circumstances, and the angle you are viewing from... could be a good or bad thing...
$Chipotle Mexican Grill(CMG)$ opted to stock split, some investors may not be too keen on the idea though...
@Shyon @LMSunshine @Universe宇宙 @Aqa @DiAngel @koolgal @GoodLife99 @rL
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