$Direxion Daily NFLX Bull 2X Shares(NFXL.US) The stock split news is exciting recently, but going long on ETFs is not a sure win. From the daily K-line chart, it's more of a volatile pullback phase now, not that kind of one-way trend.
A stock split does not change the real value of a company; its purpose is to lower the price per share, making the stock more attractive to new investors. This split ratio is not large, so backfilling should be possible.
But there's no new story driving it recently, and the hype has somewhat faded. Such not-so-substantial positive news still has limited impact on the stock price.
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