Netflix (NFLX) Is About to Trade Near $100/Share Again, But Don't Be Afraid

Netflix (NASDAQ: NFLX) will be on watch the rest of the session as the shares will begin trading ex the seven-for-one stock split starting tomorrow, July 15th. The company will also report second quarter earnings tomorrow, after the close.

Holders will be given six additional shares of common stock for each outstanding share of common stock the own. Based on the current price of around $700 the stock should be around $100 when the market opens tomorrow.

On June 23, Netflix announced:

Netflix, Inc. (Nasdaq: NFLX) announced today that its Board of Directors has approved a seven-for-one stock split to be effected in the form of a stock dividend of six additional shares of common stock for each outstanding share of common stock. The stock dividend will be payable on July 14, 2015 to stockholders of record at the close of business on July 2, 2015. The new shares will be delivered by Netflix's transfer agent Computershare Trust Company.

Netflix stock will begin trading regular way at the post-split price on July 15, 2015. Any shares purchased between the July 2, 2015 record date and the July 14, 2015 payment date will come with a "due-bill" entitling the buyer to six additional shares for each share purchased.

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