Following only Berkshire Hathaway and Priceline in price per share, Netflix is currently trading around $692 per share.
However, you could soon get your hands on Netflix shares for less than $100!
All you have to do is this…
Netflix (NFLX) has been an absolute giant on Wall Street, especially since the middle of 2013.
Since that time, it’s climbed all the way up from $200 per share to nearly $700 per share…
That’s a leap of nearly 250%!
After passing Autozone earlier this week, NFLX now stands as the 3rd-most expensive stock on Wall Street, but that’s about to change.
That’s because Netflix just announced that it will undergo a 7-to-1 split on July 14.
Now, if you’re already an owner of Netflix shares, don’t worry. A stock split does NOT affect the value of the stock. Just because shares will now be priced below $100 doesn’t mean YOUR $692 share will now lose 85% of its worth.
Instead, your 1 NFLX share at $692 will soon be split up into 7 shares that are each worth just under $100.
The only thing that changes is the number of shares.
For the average investor, NFLX will suddenly become much more affordable, however.
That’s the point of a stock split- to make the stock price more attractive for more people.
And you might want to be one of the investors to take advantage of the more affordable price. Why? Because simply announcing the stock split caused NFLX to jump up in price.
Just this week, NFLX has gone up roughly 4.5% (depending on the closing price yesterday).
That’s a strong indicator that investors are excited about the split. And for good reason…
All of a sudden on July 14, a huge percentage of investors will now be able to purchase shares that they may not have otherwise been able to. That simply means that more people will become viable candidates to buy NFLX stock…
…And more buying volume means ascending share price.
If you’d like to get in on NFLX, you have 2 options. Buy before the split or right after.
Either way, you could be set to make solid profits right away.
