Netflix's Stock Just Did Something It Hasn't Done Since 2015

It's been a busy year for Netflix (NASDAQ: NFLX). The streaming specialist has been producing strong financial results -- as is its habit -- and has significantly outperformed the market this year, something else it has gotten investors accustomed to over the years. After all, the stock has provided life-changing returns over the past two decades. However, Netflix did something this year that it had not done since 2015. Let's see what that is, and whether it makes the stock a buy.In 2015, Netflix conducted a 7-for-1 stock split. At the time, the company was riding high as it was gaining significant traction in the still relatively new streaming industry. That wasn't Netflix's first stock split, though. In 2004, the company initiated a 2-for-1 stock split. Now, the streaming giant is back at it. Netflix recently announced that it would conduct a 10-for-1 split. Shares will begin trading at the new price on Nov. 17.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool