Nov. 18 at 2:22 AM
$NFLX Executes 10-for-1 Stock Split as Wall Street Sentiment Remains Strong
Netflix's 10-for-1 stock split took effect Monday, reducing the share price proportionally while maintaining total market value. The split drew significant market attention, with multiple outlets clarifying that the apparent 90% price drop was merely a technical adjustment, not an actual decline. Wall Street analysts expressed continued confidence in the streaming giant despite intensifying competition in the streaming sector. Canaccord Genuity adjusted its price target to
$152.50 following the split, reflecting the new share structure. The move comes as Netflix navigates an increasingly competitive streaming landscape, with the stock appearing on trending ticker lists alongside major tech names.
https://marketflux.io/news-pit/57ae489d575f797bb1339c4e98bbaa47
