CMG Split Today! Will You Buy it at $60?

WallStreet_Tiger
06-26

The anticipating split is today!

After market opens on June 26, $Chipotle Mexican Grill(CMG)$ will trade at about $66.56. For reference, the closing price of Chipotle was $3,283.04.

Chipotle has risen by 43% year-to-date, following a 65% gain last year.

For most investors, Chipotle might be relatively unfamiliar, but this chain restaurant, which specializes in Mexican burritos, is highly popular among the Americans for its healthy, delicious, fast, and affordable offerings.

This food giant now has a market value of $90 billion, still some distance from $McDonald's(MCD)$’s $180 billion. However, due to technical reasons last night, CMG's market value briefly "topped the list."

WSB users said that they finally understood the meaning of “chip” in Chipotle.

In 2018, $Chipotle Mexican Grill(CMG)$ underwent a comprehensive digital transformation, including the development of a mobile ordering app and an online web ordering system. This might be the secret behind the chain giant's continued performance growth in the new digital era.

Besides $Chipotle Mexican Grill(CMG)$’s rise, another notable company is the chicken wing giant $Wingstop(WING)$ , which has risen by 63% year-to-date.

Can it reach $100 billion in market capitalization this year?

Will you buy in $Chipotle Mexican Grill(CMG)$ after the split?

Do you like eating tacos and Mexican burritos?

Click to join our topic: Will You Buy Stock After the Split? to win tiger coins!

Will You Buy Stock After the Split?
Has split become a buzzword in the stock market? NVIDIA Corp jumped on its 10-for-1 split news and continues to go higher. Broadcom recently announced a 10-for-1 stock split, which will take effect after the market closes on July 12. Chipotle Mexican Grill will undergo a 50-for-1 split today. Based on yesterday's closing price, the post-split CMG stock price will be $66. --------------------- Can it reach $100 billion in market cap this year? Will you buy in after the split?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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