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Netflix Announces Stock Split
Netflix (NASDAQ: NFLX) will implement a 10-for-1 stock split on November 17, 2023, aimed at making individual shares more accessible to employees and retail investors. This announcement, made on Thursday, caused a 3.1% increase in Netflix’s share price.
The stock split comes as Netflix’s share price had previously soared past $1,000, reflecting a strong business performance despite post-pandemic concerns. Although stock splits do not fundamentally change company value, they often positively impact investor perception.
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