Chipotle investors see rare 50 for 1 split

 

(CNN)– Chipotle will soon have a rare 50-for-one stock split. Investors who hold shares by the end of trading Tuesday will be included in the split.

For every one share they hold, they will get 49 additional shares when the split takes effect on June 25.

The change does not directly affect an investor’s total dollar value investment in the fast casual Mexican grill.

This is one of the largest splits in the history of the stock market and a first for Chipotle.

The company says it hopes the move will improve the stock’s affordability.

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