Why are there so many stock splits in 2024? After Nvidia and Walmart, Chipotle Mexican Grill is up this week
![Why are there so many stock splits in 2024? After Nvidia and Walmart, Chipotle Mexican Grill is up this week](https://images.fastcompany.com/image/upload/w_1280,q_auto,f_auto,fl_lossy/wp-cms-2/2024/06/p-1-91145371-stock-splits-chipotle-nvidia-walmart-2024.jpg)
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.)