business
3 Reasons Why Chipotle Is Down 53% Since Its 50-for-1 Stock Split
Key takeaways
- CMG NVDA Chipotle Mexican Grill (NYSE: CMG) issued a 50-for-1 split on June 26, 2024, making its then roughly $3,000 share price more affordable.
- It wasn't the split, but rather weakening sales performance in the business itself that followed the departure of former CEO Brian Niccol.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
CMG NVDA Chipotle Mexican Grill (NYSE: CMG) issued a 50-for-1 split on June 26, 2024, making its then roughly $3,000 share price more affordable. But that almost marked the peak. The stock is currently down 53% from its all-time high.
It wasn't the split, but rather weakening sales performance in the business itself that followed the departure of former CEO Brian Niccol. Here are three reasons Chipotle has fallen from its pedestal.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop