Netflix announces a 10-for-1 stock split

Netflix has announced a 10-for-1 stock split, aiming to make its stock more accessible to investors. This move is expected to reduce the stock's price, bringing it below $100, making it more appealing to a wider range of investors. The S&P 500 currently has 9 other stocks above $1,000, and this split may help Netflix join a more exclusive group of lower-priced stocks.