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Benzinga

Business

Chandrima Sanyal

Don't Be Fooled By Netflix's 90% 'Drop': Why ETF Investors Are Barely Blinking

Netflix ETF Nasdaq Netflix Inc NFLX United States

The Netflix Trade

On Monday, Netflix Inc’s (NASDAQ:NFLX) stock opened 90% lower than Friday’s close. But the drama is wholly illusory.

The company’s 10-for-1 stock split took effect at the open of trading on Nov 17, taking the share price from around $1,140 to about $110. Investors who held one share now own ten; their total investment value is unchanged, even if the chart looks catastrophic at first glance.

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Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

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One subscription that gives you access to news from hundreds of sites

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Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

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