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1 Megacap Tech Stock That Could Split Its Shares Next
With the streaming-TV company's stock price soaring about 40% higher this year, a stock split seems inevitable -- and it could come soon.
Netflix (NASDAQ: NFLX) stock has recently blown past $1,200 per share, making it hard to believe that shares traded at levels below $200 as recently as May of 2022. And the stock's momentum is strong this year, too. Shares are up about 40% this year alone, defying the market's sluggish return of less than 2% as of this writing.
With a combination of a strong business, impressive stock price momentum, and a share price in the thousands, a stock split could be in the cards for the streaming giant soon.
Image source: Getty Images.
