Netflix Benefits from Stock Split and Bid Speculation

3 months ago

"Netflix, of course, this one continues to be in focus. That's ticker NX. We're seeing shares rising uh up as much as 4%. This is after a 10 for one stock split that we saw here from the company. Of course, we know the company was valued, you know, really, really expensive, up more than a thousand dollars. You know, when you go to purchase one share, they're really trying to make it more affordable and accessible uh for their employees in their options program here. But we also know that we are continuing to see news trickling in about the bid that they have here for Warner Brothers Studio. Of course, we did have Reuters reporting that uh Netflix is actively exploring a bid for Warner Brothers Discovery. That would be big."

The speaker notes that Netflix (NX) is gaining momentum following a 10-for-1 stock split and hints at a potentially transformative bid for Warner Brothers Discovery, despite high valuation concerns.

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