Scalper1 News
Netflix (NFLX) stock is surging ahead of its first-quarter earnings report on talk of a possible stock split. Netflix shares gapped up for the second straight trading session Monday after the streaming video company’s announcement Friday that it plans to increase its share authorization. Netflix was up 6% to near 483 in midday trading on the stock market today. It’s approaching record high territory again. Netflix hit an all-time high of 489.29 on Sept. 9. In a filing Friday with the Securities and Exchange Commission, Netflix said that it will seek shareholder permission in June to increase its share authorization to 5 billion shares from 170 million. The measure could indicate that the company is planning for a stock split. Netflix is scheduled to report is Q1 earnings after the market close Wednesday. Analysts polled by Thomson Reuters expect the company to earn 69 cents… Scalper1 News
Scalper1 News