Why Netflix Might Announce a Stock Split
A Look Back at Netflix's Stock Splits
Netflix (NFLX) has come a long way since its 2002 IPO, when shares were priced at $15. The media-streaming veteran has split its stock twice, the latest being a dramatic 7-for-1 split in 2015.
The First Netflix Stock Split
Netflix's first stock split came just two years after the company's IPO. In 2004, the company announced a 2-for-1 split, effectively doubling the number of outstanding shares.
The Second Netflix Stock Split
The second Netflix stock split came 11 years later, in 2015. This time, the company announced a 7-for-1 split, which increased the number of outstanding shares by seven times.
A Third Stock Split on the Horizon?
Wall Street analysts are speculating that Netflix could announce a third stock split in the near future. The company's stock has been on a tear in recent years, and a split could make it more accessible to a broader range of investors.
Stay tuned for updates on this developing story.
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