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Chipotle Stock Eyes Record High on First-Ever Stock Split

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) are 6.1% higher in premarket action, after the fast-casual chain's board of directors approved a 50-for-1 split -- the company's first stock split ever. In a statement, Chipotle's CFO Jack Hartung said the split will make CMG "more accessible to employees as well a a broader range of investors."Should these premarket gains hold, Chipotle stock will open at around 2,950,surpassingitsMarch18recordhighof2,950, surpassing its March 18 record high of 2,813.99. The stock has ripped up the charts ove ...