Netflix (NASDAQ:NFLX) Executes 1-for-10 Stock Split Amid Streaming Wars

Core Viewpoint - Netflix executed a 1-for-10 stock split to enhance share accessibility for individual investors while maintaining a strong market position despite competition in the streaming industry [2][5]. Company Overview - Netflix is a leading streaming service provider with a vast library of content and has been a pioneer in the industry [1]. - The company faces competition from major players like Disney+, Amazon Prime Video, and Hulu [1]. Stock Split Details - The stock split means that for every share previously held, investors now own ten shares, making shares more affordable [2]. - Prior to the split, Netflix shares were priced over $1,125, and post-split, they trade at approximately $112.50 [2]. Market Performance - Currently, Netflix's stock price is $110.49, reflecting a decrease of approximately 0.65% [4]. - The stock has fluctuated between a low of $110.07 and a high of $111.85 during the trading day [4]. - Netflix has a market capitalization of approximately $468.08 billion and a trading volume of 5,647,951 shares [4][5].