Netflix announces ten-for-one forward stock split

Netflix logo is pictured at a premiere for the 4th and final season of the television series “The Umbrella Academy” in Los Angeles, California, U.S.,

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Netflix announces ten-for-one forward stock split

Netflix logo is pictured at a premiere for the 4th and final season of the television series “The Umbrella Academy” in Los Angeles, California, U.S., August 5, 2024. REUTERS/Mario Anzuoni/File Photo Purchase Licensing Rights, opens new tab

Oct 30 (Reuters) – Netflix (NFLX.O), opens new tab on Thursday announced a ten-for-one forward stock split plan of its common stock, making the company’s shares more affordable for retail investors.

Netflix’s shares, which have gained more than 360% over the past three years, were up 3% at $1,123.49 in extended trading.

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Each shareholder of the company will receive nine additional shares for each share held, after close of trading on Nov 10. Trading is expected to begin on a split adjusted basis at market open on November 17, the company said.

Netflix announces ten-for-one forward stock split