Should You Buy Netflix After Its 10-for-1 Stock Split?

When a company announces a stock split, it's generally a good sign that the business is doing well. Its share price has risen to the point where splitting the stock brings its price down to lower levels. The greater the scale of the split, the more the price comes down.Streaming company Netflix (NASDAQ: NFLX) has been one of the best growth stocks to own in recent years. Since 2023, it has risen by around 270%, and it closed at just under $1,093 on Tuesday. The company has announced that it will be splitting its stock on a 10-for-1 basis. On Nov. 17, it's set to trade at its new price -- should you wait to buy the stock then?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool