Netflix Pops on Long-Anticipated 10-for-1 Stock Split: Why This Growth Stock Is a Great Buy in November

This year has been a banner year for Netflix (NASDAQ: NFLX) shareholders. Despite fears to the contrary, the company's growth has continued unfettered, as new viewers flock to its streaming video platform. The resulting sales and profits have climbed to new heights, fueling an ongoing surge in the stock, which now stands at roughly $1,136 per share (as of this writing).The magnitude of the stock price led to rampant speculation that it was only a matter of time before Netflix would conduct a stock split. The company recently confirmed investor suspicions, announcing a long-anticipated 10-for-1 stock split, which is scheduled to take place after market close on Friday, Nov. 14. The stock will begin split-adjusted trading when the market opens on Monday, Nov. 17.Let's review the specifics of the stock split and why Netflix looks like a great buy this month.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool