Netflix Announces 10-For-One Stock Split for Employee Accessibility

Netflix has announced some exciting news for employees and retail buyers alike: they are planning a 10-for-one stock split to make shares more accessible. This means that the price of a single share of Netflix, which was trading at $1,089 at market close on Thursday, will be around $109 post-split.

The main goal of this split is to reset the market price of the company’s stock to a more manageable range for employees who participate in the stock option program. Netflix encourages its employees to take some of their income in stock, but at over $1,000 per share, this can be a significant expense for many staff members. Additionally, the split will also make the stock more accessible to retail buyers.

If you’re wondering when this split will take place, trading for the split shares is expected to begin on Monday, November 17th. Shareholders as of November 10th will receive nine additional shares later that week. This move is not uncommon among large companies, as they aim to make shares accessible to both employees and retail shareholders. In fact, this will be Netflix’s third stock split, with the last one being a seven-to-one split back in 2015.

Overall, this announcement is great news for anyone looking to buy or trade Netflix shares, as it will make them more affordable and accessible for everyone involved.