Question: Chipotle ( CMG ) just announced a 5 0 - 1 stock split. Their stock is currently selling for $ 2 9 3 7 .

Chipotle (CMG) just announced a 50-1 stock split. Their stock is currently selling for $2937.38. What should the new price be after the split takes place? Whats the thinking behind CMG doing this split (what are they hoping to accomplish and why might it work)?

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