Netflix Splits Stock And Icahn Cashes Out, Volatility Ensues

Stocks (^DJI, ^GSPC, ^IXIC) spent the morning digging out of a hole after Greek debt talks hit a snag. Here at home investors seemed to shrug off the much expected downward revision of Q1 GDP. Here are some of the other stories Yahoo Finance is keeping 

Stock splits do literally nothing to change the financial or operating structures of the company. Typically, companies split their stocks when the price becomes quite high. Netflix closed at $681.19 a share on Tuesday and rallied 

Netflix, Inc. (Nasdaq: NFLX) announced today that its Board of Directors has approved a seven-for-one stock split to be effected in the form of a stock

Shares of Netflix Inc. NFLX, -0.38% pared some gains in morning trade Wednesday, after billionaire investor Carl Icahn tweeted that he sold the last of his holdings in the streaming video service. The stock was up 1.8%, but had been up as much as 3.7

The stock will begin trading on a post-split basis on July 15. Netflix's stock closed Tuesday at $681.19, making it the third-highest priced stock among S&P 500 SPX, +0.06% components, according to FactSet. It has nearly doubled — up 99% — year to