Should Investors Be Concerned That Netflix Stock Fell After Its 10-For-1 Stock Split?
On Nov. 17, a 10-for-1 stock split on Netflix (NASDAQ: NFLX) went into effect, marking the streaming giant's first split in over a decade. But despite the enthusiasm for the split, Netflix stock actually declined by 0.8% during the session.
Here's why investors shouldn't be concerned about the tempered reaction to the split, and why Netflix remains a top buy now.
Image source: Getty Images.
Source Fool.com
Netflix Inc. Stock
€91.40
0.240%
The stock is one of the favorites of our community with 135 Buy predictions and 1 Sell predictions.
With a target price of 110 € there is a positive potential of 20.35% for Netflix Inc. compared to the current price of 91.4 €.
