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Netflix Board Approves 10-For-1 Reverse Stock Split Making Shares Cheaper to Own 0

Netflix Board Approves 10-For-1 Reverse Stock Split Making Shares Cheaper to Own

Netflix’s board of directors Oct. 30 approved issuing a 10-for-1 share reverse stock split, effective Nov. 14. At that time, shareholders of record (as of Nov. 10) will receive an additional nine shares for every share previously owned. The SVOD behemoth’s shares have been trading $1,089 per share after falling more than 12% following the … Continue reading “Netflix Board Approves 10-For-1 Reverse Stock Split Making Shares Cheaper to Own”

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