Netflix Sets Ten-For-One Stock Split To Make High Flying Shares More Affordable

Netflix said Thursday that its Board of Directors has approved a 10-for-1 forward stock split of the company’s high-flying common stock that trades at well over 1,000 a share. The split will be enacted through an amendment to the giant streamer’s Amended and Restated Certificate of Incorporation. The purpose of the stock split is to reset the market price of the company’s common stock to a range that will be more accessible to employees who participate in its stock option program. The maneuver means that e ...