Netflix announces 10-for-1 stock split as company aims to make stock more accessible for employees

Netflix (NFLX) on Thursday announced it will split its stock 10-for-1, meaning Netflix shareholders will receive 10 shares for every one share of the company they currently own. Netflix stock, as a result, will trade at one-tenth of its current price. Shares closed at $1,089 apiece on Thursday. In a statement, the company said the move was being made to "reset the market price of the Company's common stock to a range that will be more accessible to employees who participate in the Company's stock option ...