Will Netflix Announce a Stock Split on Thursday?
For a company that often releases an entire season of a show at the same time, (NASDAQ: NFLX) knows that its audience doesn't like to wait. Netflix investors will have to show some patience this earnings season. The world's top premium video service will report its first-quarter results on Thursday afternoon. With the market closed on Friday, investors will have to wait four days to gauge the market's reaction on Monday morning of next week.
Giving the market a full extended trading holiday to ponder a telltale release isn't a problem. Investing should be a crock pot, and not a microwave oven. However, it does lead one to wonder if the extra time could inspire the digital flick flicker to do something it hasn't done in a long time. Is Netflix ready to announce its first stock split in nearly 10 years?
Netflix takes its stock splits seriously. It has now been trading publicly for almost 23 years, and it has only given its investors a pair of stock splits. There was a 2-for-1 move in February 2004, less than two years after Netflix started trading. It declared a more ambitious 7-for-1 split in the summer of 2015.
Source Fool.com
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