Netflix Announces 10-for-1 Stock Split: Shares Gain a Boost

Netflix has some exciting news! They recently announced that they are splitting their stock, and as a result, Netflix shares are on the rise in after-hours trading. What does this mean for investors? Well, it’s a 10 for 1 stock split, which means that for every share an investor owns, they will now have 10 shares.

The price of the stock will appear lower after the split, but the value of the investment will remain the same. This move is often made by companies when the stock price gets high, and Netflix stock closed just above $1,000 each on Thursday. In fact, Netflix is currently one of 10 stocks in the S&P 500 with a price above $1,000.

According to a statement from the company, the split is meant to make the stock more accessible to employees who participate in Netflix’s stock option program. Trading on a split-adjusted basis is set to begin on Monday, November 17th, and this applies to shareholders of record as of the close of trading on November 10th.

Overall, this stock split is great news for investors and employees alike, so keep an eye out for how this exciting development plays out in the market!