Why are there so many stock splits in 2024? After Nvidia and Walmart, Chipotle Mexican Grill is up this week

The fast casual burrito chain says it wants to make its shares more accessible to retail investors and employees. It’s part of a trend.

This week, the share price for Chipotle Mexican Grill will be reduced by a factor of 50. No, there is not a crisis at the company. As we reported in March, Chipotle announced a 50-for-1 stock split, which will occur after the closing bell tomorrow. When Chipotle’s stock splits (ticker: CMG), its price will go from around $3,200 per share to around $64 per share. (Note: Those estimates are based on CMG’s premarket value as of the time of this writing. The exact prices will be different.)