Netflix Announces 10-for-1 Stock Split
The streaming giant’s shares surge following the announcement of a significant stock split.
Summary
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Terms & Concepts
- Stock Split: A corporate action that increases the number of a company’s shares by issuing more to current shareholders, reducing the share price proportionally without changing market capitalization.
- 10-for-1 Stock Split: A type of stock split where shareholders receive ten shares for each one previously held, typically aimed at improving liquidity and affordability.
- Market Capitalization: The total market value of a company’s outstanding shares, calculated by multiplying share price by total shares issued.