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Friday, March 29, 2024

The ‘Efficient’ Market Prices In NFLX 7-For-1 Split

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Welcome to the new normal efficient “market” – where 7 sevenths are worth 3.5% more than the whole…

If a 7-for-1 stock split is good for 3% then a 700-for-1 should be enough for 300% – get back to work Mr. Hastings.

Just a gentle reminder to the algos… NOTHING CHANGED!!

And of course, so begins CNBC’s idiocy contemplating how long before NFLX at its new lower price will be included in The Dow.

A gentle reminder of what happened the last time NFLX stock split…

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