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