Netflix 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.
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.
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