Netflix's 10-for-1 stock split will make its shares more accessible to employees and investors. Stock splits often signal management's confidence in a company's growth prospects.
Major U.S. equities indexes were mixed Friday afternoon, following a sharp decline Thursday fueled by a selloff of tech stocks. The Dow Jones Industrial Average was down 0.3%, while the S&P 500 was up 0.5%, and the Nasdaq climbed 0.8%.
Class A shares of the Alger Dynamic Opportunities Fund underperformed the S&P 500 Index during the third quarter of 2025. Long positions AppLovin Corp., Nebius Group N.V., and Talen Energy Corp were among the top contributors to performance. Long positions James Hardie Industries, TransDigm Group Incorporated, and Netflix, Inc. were among the top detractors from performance.
Netflix hasn't split its stock in nearly a decade. While stock splits don't change the inherent value of a company, the underlying growth that preceded the split shouldn't be discounted.
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