By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Netflix stock split will take place tomorrow (Wednesday, July 15). It's a 7-for-1 stock split, which means investors of record as of July 2 will receive seven shares of Netflix Inc. (Nasdaq: NFLX) for every one they previously owned.
Ahead of the Netflix stock split, shares hit an all-time high of $716.16 on Monday. Now, readers are asking us if they should buy NFLX stock at these high prices.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Last week, Netflix Inc. (Nasdaq: NFLX) shareholders approved a stock split that will raise the company's share total to 5 billion. This was just 14 months after Google Inc. (Nasdaq: GOOG, GOOGL) held its own stock split in April 2014.
Whenever a major company issues new share we hear the same questions from readers: What is a stock split, and why is this company holding a stock split?
Here is the full breakdown on stock splits and why companies do them...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Netflix Inc. (Nasdaq: NFLX) held its annual shareholder meeting Tuesday and shareholders voted to approve the Netflix stock split.
The stock split will bring Netflix's share total to 5 billion. That's more than 30 times the current number of shares on the market.
But should you buy NFLX stock following the Netflix stock split? Here's your answer...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones today rose 39 points ahead of tomorrow's critical announcement by the European Central Bank on its stimulus plans. But the Dow's gains were capped by a decline in International Business Machines Corp. (NYSE: IBM) stock.
The CBOE Volatility Index (VIX), the market's fear gauge, slipped 5% on the day.
Here's a look at the top stories from today's trading session...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
Stock market futures today (Wednesday) forecasted a 74-point decline from yesterday's close on weak fourth-quarter revenues from tech giant International Business Machines (NYSE: IBM).
Thursday, the ECB is expected to announce its own massive bond-purchasing program to stimulate the currency bloc's dragging markets. But any move that doesn't deliver quantitative easing will no doubt shock markets.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Netflix Inc. (Nasdaq: NFLX) grew sales by 5.5% in the second quarter over last year's numbers, and posted a remarkable 141% increase in income, according to its most recent earnings release today (Monday). Netflix stock was up 1.75% to $451.95 on the news of its earnings, and continued to climb in after-hours trading.
Netflix also talked about several other moves sure to please investors...
