Netflix (NFLX) has given long-term investors plenty to cheer about. In the past 15 years, NFLX stock has averaged an annual gain of 28.9%, easily outpacing the S&P 500's 14.8% total return (price change plus dividends). The streaming giant's next move could encourage a new crop of folks to look its way.
After the close on Thursday, October 30, Netflix announced that its board of directors approved a 10-for-1 stock split. It will begin trading on a post-split basis at the open today, November 17.
