Netflix just pulled out the oldest trick in the book to juice its stock
Netflix announces a 10-for-1 stock split, giving shareholders nine additional shares for every one. Netflix had a share price above $1,000, and splitting that would make the shares more accessible. The split does not change the value an investor would hold. Netflix just pulled an old but useful trick. The streaming giant announced a 10-for-1 stock split, giving shareholders nine additional shares for every one they own as of November 10. The new, lower-priced shares will begin trading on November 1 ...