Chipotle Stock Ends First Day After 50-for-1 Split With Small Gain

Chipotle Mexican Grill shares gained 0.3% on Wednesday on their first trading day following the burrito chain’s first stock split since its debut on the New York Stock Exchange nearly two decades ago. The 50-for-one split increased the number of shares outstanding by that factor, but the share price was adjusted to one-50th of its pre-split value as of Tuesday’s close, at $3,283.04. Chipotle’s shares started trading at $65.66 on a post-split basis when the market opened on Wednesday, and closed at $65.86.