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Benzinga
Benzinga
Business
Adam Eckert

Chipotle Stock Is Rising After Hours: Here's Why

Chipotle CMG
Chipotle

Chipotle Mexican Grill Inc (NYSE:CMG) shares are sizzling in Monday’s after-hours session after the company announced an additional $500 million buyback.

What Happened: After the market closed on Monday, Chipotle said its board approved an additional $500 million in share repurchases, bringing its total buyback authorization up to $750 million.

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