Reported 1 day ago
Netflix has announced a 10-for-1 stock split, allowing shareholders to receive 10 shares for each share they own, effectively reducing the stock price to approximately $110 per share. The aim is to make shares more accessible to employees participating in the stock option program. The split will take effect on November 17, and the company has previously split its stock in 2004 and 2015. Following the announcement, Netflix shares saw a slight increase before settling at a 1.6% gain.
Source: YAHOO