Netflix shares hit all-time high on potential stock split

Posted online June 11, 2015 | 6:55 am

Shares of Netflix reached an all-time high Wednesday, a day after shareholders voted to increase the number of shares offered.

On Tuesday, shareholders voted to increase the number of stocks issued up to 5 billion. The previous limit was 170 million shares, according to USA Today.

Netflix shares topped $692 before noon and closed the day up 3.7 percent at $671.10.

Read more from USA Today.[[In-content Ad]]

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