Netflix Stock Split Was Only A Matter Of Time
Netflix announced a stock split at a 7-to-1 ratio, a bit of good news for both shareholders and retail investors.By Jake Godin | June 24, 2015
Netflix is splitting — but in a good way.
Netflix announced it would be initiating a share split at 7-to-1 come July 14. It'll be payable to shareholders who own Netflix shares by July 2. (Video via Netflix)
The split comes after the video streaming service's share price more than doubled since last December. News of the split sent Netflix shares up even higher, hovering around $700 during midday trading. (Video via Netflix)