Chipotle's (CMG) board of directors has approved a 50-for-1 stock split, allowing shares to become more accessible to staff and investors. The stock surpassed the $3,000 per share benchmark on Wednesday morning.
Wedbush Securities Managing Director Nick Setyan joins Yahoo Finance to give insight into the decision from the board.
Setyan explains how this may impact markets: "I don't know if it's going to change the inclusion in indexes. I know that a lot of algorithms, et cetera, they get annoyed when this happens just because there's a little more volatility that they have to put into their models if you're trying to arbitrage the stock versus the indexes, et cetera, but essentially, at the end of the day, it's not going to impact inclusion in indexes, et cetera. So, really, I mean, net-net, it just overall increases demand and trading in the stock."
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