Netflix announces ten-for-one forward stock split

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

Netflix on Thursday announced a ten-for-one forward stock split plan of its common stock, making the company's shares more affordable for retail investors.

Netflix's shares, which have gained more than 360 per cent over the past three years, were up 3 per cent at $1,123.49 in extended trading.

Each shareholder of the company will receive nine additional shares for each share held, after close of trading on Nov 10. Trading is expected to begin on a split adjusted basis at market open on November 17, the company said.

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here