Netflix Inc (NASDAQ:NFLX) recently announced a 10-for-1 stock split, with trading on a split-adjusted basis set to begin next week. Most investors understand a stock split doesn’t change a company’s fundamental value, since the share price adjusts proportionally, but it will make the stock (and its options) more accessible to retail traders. This is especially…
As of yesterday’s market close, Netflix is the only Big Tech company whose stock is trading at four figures, but that will soon change. The TV streaming giant, whose shares closed at $1,089 on Thursday, has announced that it will initiate a stock split next month. That will send the stock’s price per share much…
Netflix (NFLX) on Thursday announced it will split its stock 10-for-1, meaning Netflix shareholders will receive 10 shares for every one share of the company they currently own. Netflix stock, as a result, will trade at one-tenth of its current price. Shares closed at $1,089 on Thursday. In a statement, the company said the move…