Chipotle Could Offer Substantial Opportunity Post-Split

Always keep an eye on stock splits Always keep an eye on stock splits                                                                                                      [Morning Watchlist] You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here.  Prefer to view this content on our website? [Click here.]( --------------------------------------------------------------- Dear Fellow Investor, Always keep an eye on stock splits. Look at Walmart (WMT), for example. Back in February, the stock split 3:1 after the market closed on Friday, February 23. Post-split, we expected the stock to trade even higher because “cheaper” shares would bring in more retail interest – which is what happened. Opening at $54.17 the following Monday, WMT has since run to $6156, and could push even higher. All because the “cheaper” WMT shares brought in more buying interest. In addition, according to CNBC at the time, “According to Morgan Stanley research, the shares of a company that announced a stock split outperformed the S&P 500 by an average of 2.4% between the announcement and effective date, with a 68% hit rate. In the six months after the effective date, the newly split shares outperformed the index by 4.7%. Those results are based on data from 2000 to 2021.” --------------------------------------------------------------- [Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024.]( [Oxford Chart]( The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024. [Here's what you need to do now to profit.]( --------------------------------------------------------------- We may have another opportunity with shares of Chipotle (CMG). At the moment, CMG trades at $2,916.46, which really isn’t an attractive buy price for many. However, the company wants to split its shares 50:1, which is now subject to shareholder approval at its June 6 annual meeting. If approved, says CNBC, “The shares are expected to begin trading on a post-split basis at market open on June 26, in what the company described would be one of the biggest stock splits in New York Stock Exchange history.” Using today’s price of $2,916.48, it would drop the price of CMG to less than $59 a share.  And much like we saw with WMT, we could see a good deal of retail interest flood into CMG. Better, we don’t expect for CMG to stay around $59 for very long. As noted in a Chipotle press release: “Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that its Board of Directors approved a 50-for-one split of its common stock. This would be one of the biggest stock splits in New York Stock Exchange (NYSE) history." --------------------------------------------------------------- [7 Cheap and Good Stocks to Buy in April!]( It's the holy grail of the stock market... Stocks that trade for pennies on the dollar yet have the potential to skyrocket for monster gains. Our partners at Trading Tips have uncovered SEVEN such stocks. And ALL of them trade for ultra cheap right now. [Simply follow this link and claim your copy today at no charge whatsoever.]((By clicking this link you agree to receive emails from us and our affiliates. You can opt out at any time.) --------------------------------------------------------------- The stock split is subject to shareholder approval of an amendment to the Company's Certificate of Incorporation to increase the number of authorized shares of common stock to accommodate the stock split. The company intends to seek shareholder approval for this amendment at its upcoming annual meeting on June 6, 2024. If the Certificate of Incorporation amendment is approved, shareholders of record as of June 18, 2024 will receive 49 additional shares for each share held, which will be distributed after market close on June 25, 2024. Chipotle's shares are expected to begin trading on a post-split basis at the market open on Wednesday, June 26, 2024. "This is the first stock split in Chipotle's 30-year history, and we believe this will make our stock more accessible to employees as well as a broader range of investors," said Jack Hartung, Chief Financial and Administrative Officer, Chipotle. "This split comes at a time when our stock is experiencing an all-time high driven by record revenues, profits, and growth." --------------------------------------------------------------- [Top 20 Living Economist Shares the Largest Position in His Personal IRA]( Investing legend Dr. Mark Skousen recently gave a talk to a small group in the heart of Washington, D.C. In it, he revealed the cornerstone of his retirement plan – and the one investment that helped make him a millionaire. [Click here to watch Dr. Skousen's presentation – and learn about “the best way to become a millionaire in America.”]( --------------------------------------------------------------- [Join Daily Guru Trades!]( Want more free daily trades in your inbox? [Sign up for Dylan Jovine's Daily Guru Trades Today.]( "The Buck Stops Here" Our mailing address is: Behind the Markets, LLC 4260 NW 1st Avenue, Suite 55 Boca Raton, FL 33431 Copyright © 2024 Behind the Markets, LLC, All rights reserved. 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