Netflix announces 10-for-1 stock split

Core Viewpoint - Netflix has announced a 10-for-1 stock split, which is set to take effect at the close of trading on November 10th, leading to a 2.5% increase in its shares [1]. Company Summary - The stock split will be implemented through an amendment to Netflix's certificate of incorporation [1]. - Following the announcement, Netflix shares experienced a rise of approximately 2.5% [1]. Market Reaction - In contrast, shares of another company mentioned in the news were down about 3% [1].