Buying Netflix 10-for-1 Stock Split? Expect Underperformance

Netflix Inc (NASDAQ:NFLX) recently announced a 10-for-1 stock split, with trading on a split-adjusted basis set to begin next week. Most investors understand a stock split doesn’t change a company’s fundamental value, since the share price adjusts proportionally, but it will make the stock (and its options) more accessible to retail traders.This is especially true for NFLX, which is trading above $1,000 per share. Will the lower price drive the stock higher? This week, I’m examining the historical data to s ...