Chipotle’s board of directors approves 50-for-1 stock split
Chipotle Mexican Grill said on Tuesday its board had approved a 50-for-1 split of its common stock, sending the burrito chain’s shares about 7% higher in extended trading. The California-based company said the stock split was subject to shareholder approval at its upcoming annual meeting on June 6. If approved, shareholders of record as of …