Netflix announces ten-for-one stock split, shares rise
(Reuters) -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 employees participating in its stock option program. Trading is expected to begin on a split-adjusted basis at the market open on November 17. The streaming giant, which has benefited from a str ...