Netflix (NFLX) has implemented the ten-for-one stock split for its shares trading in the U.S.
The split took effect after the closing bell on November 14, resulting in each shareholder with one share now owning 10 shares.
The stock closed down 3.6% at $1,112.17 on Friday. In Monday’s premarket trading, shares are down 0.4% at $110.70, indicating that the split has taken effect.
The company now has about 4.24B shares outstanding after the split; it previously had over 423M shares outstanding.
Netflix previously conducted a seven-for-one split in July 2015 and a two-for-one split in February 2004.
Over 5.78M shares have changed hands by 8:59 am ET on the Nasdaq.
Notable insider activity for the month of November prior to the split: a stock sale by cofounder and chairman Reed Hastings, worth $41.3M, and a sale by legal chief David Hyman worth $21.4M.