Netflix Inc (NFLX) Stock Price Rallies 2% In After-Hours Trading On 7 For 1 Stock Split

Shares of Netflix Inc. (NASDAQ:NFLX) rallied more than 2 percent Tuesday in extended-hours trading after the video-streaming service announced it has approved a seven-for-one stock split. Netflix, which has a market value of $41 billion, is currently the best performer this year in the Nasdaq 100, an index that tracks the largest non-financial Nasdaq companies. The stock has soared 100 percent since January. Netflix stock touched an all-time high of $692.79 on June 10.