Netflix (NFLX) spikes on stock split

Netflix, Inc. NFLX shares rose 1.2% to $689.32 after the company announced a seven-for-one stock split. The split will take the form of a stock dividend payable on July 14 to holders of record at the close of business on July 2. Netflix will begin trading at the post-split price on July 15. Share volume totaled 6.4 million, compared to an all-day average of 2.5 million.