Jun
09

Netflix Rises Ahead of Investor Vote on Possible Share Split

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Netflix Inc., the top-performing stock in the Standard & Poor’s 500 index, rose 3.2 percent ahead of a shareholder meeting Tuesday that’s expected to lead to a stock split.

Shares of Los Gatos, California-based Netflix closed at $647.15 in New York. The stock has risen 89 percent this year, tops among the S&P 500 members.

Chief Executive Officer Reed Hastings said in April he planned to recommend a stock split to the board and that a lower price would make the shares more accessible. Netflix said in a filing around that time it didn’t have any plans to issue shares for mergers or to raise money…

Netflix Rises Ahead of Investor Vote on Possible Share Split

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