Chipotle Mexican Grill Inc. (NYSE:CMG) has declared its first-ever stock split, leading to a significant surge in its stock price. What Happened: The company’s board approved a 50:1 split of common shares, which will be one of the most substantial stock splits in the history of the New York Stock Exchange (NYSE), reported Investing.com on Tuesday. The split is subject to shareholder approval at the Jun. 6, 2024 annual meeting. If approved, each investor of record, as of Jun. 18, 2024, will receive 49 additional shares for each share held. The split shares will be distributed after the market closes on Jun. 25, 2024. See Also: This Could Be A Gamechanger For Natural Gas In Europe Following the announcement, Chipotle’s stock, which closed at $2,797.56, saw a 6% increase in the after-hours session, reaching over $2,960. At the current levels, post-split shares would ...