"Chipotle's Stock Soars with 50-for-1 Split, Setting New Records"

Chipotle's stock surged after the company's board approved a 50-for-1 stock split, with shareholders set to vote on the move at the annual meeting on June 6. The stock hit an intraday peak above $3,000 per share before settling just above $2,900. The split, if approved, would see shares trading on June 26, and is seen as a move to attract retail investors. Additionally, Chipotle also granted one-time equity to long-serving restaurant staff, signaling management confidence.