Is Netflix due for a stock split? One asset manager weighs in
Mahoney Asset Management CEO Ken Mahoney joined Market Domination to discuss the potential for a stock split at Netflix (NFLX).
Mahoney noted that Netflix is no stranger to stock splits, having previously executed them in February 2004 and July 2015. With Netflix trading above $900, he explained, "There's a good precedent that once a stock gets over $600... to do a split." He pointed to Nvidia (NVDA) as a recent example, which completed a 10-for-1 stock split earlier this year and was subsequently added to the Dow Jones Industrial Average (^DJI).
The CEO further highlighted that a stock split would attract more investors to Netflix shares. The current price may be "out of reach for the average investor," but a split would open the stock to a broader demographic. Mahoney forecasts that Netflix could potentially opt for a 10-for-1 stock split to increase accessibility.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
This post was written by Angel Smith
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