CMG will seek shareholder approval to take an axe to its stock price

CHIPOTLE BOARD OF DIRECTORS APPROVES 50-FOR-1 STOCK SPLIT - Mar 19, 2024.

Stock price today closed at $2797.56 (Yahoo).

:axe:
ralph

2 Likes

50 for 1 ain’t no joke.

1 Like

I think the infatuation with high stock prices started after the dot-com crash. Before then stock prices above $100 were unusual. That extended bear market crushed prices, and it hurt the pride to have your stock trading at $3.

DB2

1 Like

To sell one covered call of CMG you need over a quarter million dollars in stock, one round lot costing $279,756.00.

High stock prices serve to exclude retail investors. Currently I’m limiting myself to under $200 stocks to sell covered calls.

The Captain

2 Likes

Just for comparison BRK-A closed at $622,777.12 yesterday.
Which was up $4,897.12 for the day.

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Apparently they sell fractional shares nowadays, so in theory, you could buy 0.0367 shares of CMG at your brokerage.

Yes they do. I wonder how much the commission is.

The Captain

Commissions are mostly gone in the USA.