Chipotle (NYSE: CMG ) will execute one of the largest stock splits in U.S. history today after the market closes. After the restaurant chain carries out the 50-for-1 split of CMG stock today, the shares will start changing hands at their new, much lower price tomorrow.
Chipotle Mexican Grill (NYSE: CMG ) is a fast-casual restaurant chain that's known for serving up big burritos. In the financial markets, however, some investors aren't particularly interested in what Chipotle actually does.
The market appears to be brushing off a key announcement from Chipotle Mexican Grill (NYSE: CMG ). Indeed, shares of CMG stock are down more than 2% at the time of this writing after the company announced a 50-for-1 stock split.