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 share

Netflix on Thursday announced a ten-for-one stock split, making the streaming company's shares more affordable for retail investors.The company said it would issue nine additional shares for each share held after close of trading on Nov 10, adding that the split will make its stock more accessible to employee

Netflix's stock split will go into effect in November.

Netflix announced that its board approved a 10-for-1 forward stock split of its common stock.