Chipotle's stock is so hot, the company's board approved a 50-for-1 stock split

Chipotle’s board approved a 50-for-1 stock split, which the company claims is one of the largest in NYSE history. This move aims to make the stock more accessible to investors, including employees. The split is subject to shareholder approval on June 6, and if successful, the cheaper post-split shares will begin trading on June 26. Chipotle’s stock saw a nearly 5% increase in after-hours trading following the announcement. The split decision comes at a time when the company’s shares are at record highs.