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 Read More...