Netflix Stock Price – Netflix Stock Symbol

This discussion of the Netflix stock price and the Netflix stock symbol is intended to be a valuable resource for those of you looking for new investments. Since it began trading on the NASDAQ in May of 2002, Netflix has experienced impressive growth and continues to offer significant returns. Even if you’ve never made an investment in your life, rest assured that your money will be well-spent with this company.

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Netflix Stock History

Before we discuss the Netflix stock price and other issues, let’s take a look at the Netflix stock history. As I mentioned before, they started trading on the NASDAQ National Market on May 23, 2002 (after being incorporated in Delaware in 1997). Their initial share price was $15, and they were underwritten by such firms as Merrill Lynch & Co. The Netflix stock symbol is NFLX.

Netflix announced a 2-for-1 split of common shares on January 21st, 2004. This provided investors with twice as many shares as they had before, but at half the market value. The adjusted post-split price stock value was $7.50.

In the past year, the company’s market capitalization has increased 52%, and it’s now estimated to be worth $3.9 billion. By comparison, Blockbuster has dropped 47% to $62 million. Over the last two years, the largest competitor of Netflix has racked up losses of $932 million and teeters on the edge of bankruptcy (even after closing 374 stores in 2009 and as many as 545 in 2010).

Try the Netflix free trial and see what all the fuss is about.

Other Netflix Stock Facts

If you’re looking for cash dividends, you might want to look elsewhere. Netflix has publicly stated that it has no current plans to pay cash dividends, and all future earnings will be retained to stimulate growth of their business. Direct stock purchases are also currently unavailable from Netflix. For other Netflix stock facts, or to discuss the current Netflix stock price, contact a dependable broker.

Netflix Stock Price

Before we take a look at some of the Netflix stock prices over the last eight years, let’s first review the primary stockholders in each investment category.

• (Top Institutional Holder) Hussman Econometrics Advisors, Inc. with 2,800,000 shares
• (Top Mutual Fund Holder) Variable Insurance Products FD III-Mid-Cap Portfolio with 4,866,672 shares
• (Major Direct Holder) Neil D. Hunt with 67,642 shares

And now let’s review some of the various stock prices since Netflix started trading on the NASDAQ. I’ve selected random dates throughout the years, and all values listed are opening prices.

• May 29th, 2002 – $16.30
• October 28th, 2002 – $9.30
• February 24th, 2003 – $14.34
• September 5th, 2003 – $33.30
• January 21st, 2004 – $68.02
• Stock Split on Febuary 12th, 2004
• February 24th, 2004 – $31.52
• April 4th, 2005 – $10.96
• January 13th, 2006 – $25.63
• February 2nd, 2007 – $22.75
• May 12th, 2008 – $30.70
• June 11th, 2009 – $37.80
• December 1st, 2009 – $57.51
• January 20th, 2010 – $50.86
• February 25th, 2010 – $63.99
• March 12th, 2010 – $70.15
• March 26th, 2010 – $73.53

As you can see, Netflix just keeps growing and growing, so call your broker to get in on the action. If you’re less adventurous, you might consider joining the millions of customers who use Netflix on a daily basis. Movies are delivered right to your door, and you can also have them streamed to your PC or television screen. It really doesn’t get any better than Netflix.

Also recommended:

• Netflix Movie Rentals
• Netflix Search – Netflix Searches
• Starz Play on Netflix
• Netflix Free Trial
• Netflix Movies – Watch Netflix Movies Online
• Top Movies on Netflix
• Good Movies on Netflix You Can Watch Instantly

 

Trackbacks/Pingbacks

• Netflix Search – Netflix Searches
• Netflix Top 100
• Only Good Movies Recap for 4/03/10
• Netflix Rentals of the Week
• Netflix Free Trial

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