Pursuits
Netflix Rises on Stock Split After Run Leading S&P 500
Netflix Shares Surge After 7-for-1 Stock Split
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Netflix Inc. rose in New York trading after declaring a share split, rewarding owners of a stock that has doubled this year to lead the Standard & Poor’s 500 Index.
The 7-for-1 split takes effect July 14 and is payable to shareholders of record as of July 2, the Los Gatos, California-based company said Tuesday.